Puget Sound Divers is a company that provides diving services such as underwater ship repairs...
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Accounting
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:
Puget Sound Divers
Planning Budget
For the Month Ended May 31
Budgeted diving-hours (q)
200
Revenue ($420.00q)
$ 84,000
Expenses:
Wages and salaries ($11,700 + $122.00q)
36,100
Supplies ($5.00q)
1,000
Equipment rental ($2,400 + $25.00q)
7,400
Insurance ($3,800)
3,800
Miscellaneous ($510 + $1.46q)
802
Total expense
49,102
Net operating income
$ 34,898
During May, the companys actual activity was 190 diving-hours.
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