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 31 400 $ 172,000 Budgeted diving-hours (q) Revenue ($430.00q) Expenses: Wages and salaries ($11,200 + $122.00g) Supplies ($6.00g) Equipment rental ($2,500 + $21.0øg) Insurance ($3,800) Miscellaneous ($510 + $1.48q) Total expense 60,000 2,400 10,900 3,800 1,102 78,202 $93,798 Net operating income During May, the company's actual activity was 390 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 Actual diving-hours 390 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 31 400 $ 172,000 Budgeted diving-hours (q) Revenue ($430.00q) Expenses: Wages and salaries ($11,200 + $122.00g) Supplies ($6.00g) Equipment rental ($2,500 + $21.0øg) Insurance ($3,800) Miscellaneous ($510 + $1.48q) Total expense 60,000 2,400 10,900 3,800 1,102 78,202 $93,798 Net operating income During May, the company's actual activity was 390 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 Actual diving-hours 390 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
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Answer Explanation Answeys Solytions callulati calkulating budget as Show... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date:
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