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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 ($390.00g) Expenses: Wages and salaries ($11,900 $124.009) Supplies ($6.00g) Equipment rental ($2,100 $25.00g) Insurance ($4,100) Miscellaneous ($550 $1.489) Total expense Net operating income 300 $ 117,000 49,100 1,800 9,600 4,100 994 65,594 $ 51,406 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) 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 EA $ 0 0 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 ($390.00g) Expenses: Wages and salaries ($11,900 $124.009) Supplies ($6.00g) Equipment rental ($2,100 $25.00g) Insurance ($4,100) Miscellaneous ($550 $1.489) Total expense Net operating income 300 $ 117,000 49,100 1,800 9,600 4,100 994 65,594 $ 51,406 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) 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 EA $ 0 0
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Diving Hours Revenue Expenses Puget Sound Driver Fle... 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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