Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients
Question:
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:
Required:
During May, the company’s activity was actually 105 diving-hours. Prepare a flexible budget for that level of activity.
Transcribed Image Text:
Puget Sound Drivers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q).... 100 Revenue ($365.00q).. $36,500 Expenses: Wages and salaries ($8,000 + $125.00q.. 20,500 Supplies ($3.00g).. 300 Equipment rental ($1,800 + $32.00q).. 5,000 . Insurance ($3,400)... 3,400 Miscellaneous ($630 + 1.80q).. 810 Total expense.. 30,010 Net operating income.... $6.490
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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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