Puget Sound Divers is a company that provides diving services such as underwater ship repairs to...
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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 company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($410.009) Expenses: Wages and salaries ($11,000 + $126.009) Supplies ($3.009) Equipment rental ($2,100 + $23.009) Insurance ($3,900) Miscellaneous ($540 + $1.469) Total expense Net operating income 200 $ 82,000 36,200 600 6,700 3,900 832 48,232 $ 33,768 During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($410.009) Expenses: Wages and salaries ($11,000 + $126.009) Supplies ($3.009) Equipment rental ($2,100 + $23.009) Insurance ($3,900) Miscellaneous ($540 + $1.469) Total expense Net operating income 200 $ 82,000 36,200 600 6,700 3,900 832 48,232 $ 33,768 During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
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Answer rating: 100% (QA)
To prepare a flexible budget for Puget Sound Divers for the month ended May 31 based on actual activity of 190 divinghours we need to adjust the budge... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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