Prepare a flexible budget for May. Puget Sound Divers Planning Budget For the Month Ended May 31
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Prepare a flexible budget for May.
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Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($470.009) Expenses: Wages and salaries ($11,7ee + $124.00g) Supplies ($5.00q) Equipment rental ($2,400 + $21.00q) Insurance ($3,900) Miscellaneous ($520 + $1.seg) Total expense 300 $ 141,000 48,900 1,500 8,700 3,900 970 63,970 Net operating income $ 77,030 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 dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($470.009) Expenses: Wages and salaries ($11,7ee + $124.00g) Supplies ($5.00q) Equipment rental ($2,400 + $21.00q) Insurance ($3,900) Miscellaneous ($520 + $1.seg) Total expense 300 $ 141,000 48,900 1,500 8,700 3,900 970 63,970 Net operating income $ 77,030 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 dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries
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Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Posted Date:
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