Puget Sound Divers is a company that provides diving services such as underwater ship repairs...
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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) 300 Revenue ($390.00q) $ 117,000 Expenses: Wages and salaries ($11,600 + $126.00q) 49,400 Supplies ($4.00q) 1,200 Equipment rental ($2,500 + $22.00q) 9,100 Insurance ($4,100) 4,100 Miscellaneous ($510 + $1.46q) 948 Total expense 64,748 Net operating income $ 52,252
During May, the companys actual activity was 290 diving-hours.
Required:
Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
Pinterest Gmail saved Saved CH 9 Homework 1 1 Puget Sound Divers Flexible Budget For the Month Ended May 31 2 points Sloped Revenue 000 Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income Print Rotorences 0 0 $ ME Prey 1 of 7 !!! Next >
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) | 300 | |
| Revenue ($390.00q) | $ | 117,000 |
| Expenses: | ||
| Wages and salaries ($11,600 + $126.00q) | 49,400 | |
| Supplies ($4.00q) | 1,200 | |
| Equipment rental ($2,500 + $22.00q) | 9,100 | |
| Insurance ($4,100) | 4,100 | |
| Miscellaneous ($510 + $1.46q) | 948 | |
| Total expense | 64,748 | |
| Net operating income | $ | 52,252 |
During May, the companys actual activity was 290 diving-hours.
Required:
Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
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