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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 (q) Revenue ($430.00g) Expenses: Wages and salaries ($11,200 + $124.00g) Supplies ($6.00g) Equipnent rental ($2,300 + $25.00g) Insurance ($4,000) Miscellaneous ($510 + $1.44g) Total expense Net operating income 250 $ 107,500 42,200 1,500 8,550 4,000 870 57,120 $ 50,380 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) ces Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours 240 Revenue 103,200 Expenses: nt Wages and salaries Supplies Equipment rental 8,300 ences Insurance 4,000 Miscellaneous Total expense 12,300 Net operating income 90,900 %24 %24 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 (q) Revenue ($430.00g) Expenses: Wages and salaries ($11,200 + $124.00g) Supplies ($6.00g) Equipnent rental ($2,300 + $25.00g) Insurance ($4,000) Miscellaneous ($510 + $1.44g) Total expense Net operating income 250 $ 107,500 42,200 1,500 8,550 4,000 870 57,120 $ 50,380 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) ces Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours 240 Revenue 103,200 Expenses: nt Wages and salaries Supplies Equipment rental 8,300 ences Insurance 4,000 Miscellaneous Total expense 12,300 Net operating income 90,900 %24 %24
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Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date:
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