The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month...
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The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 400 $168,000 Revenue ($420.00g) Expenses: Wages and salaries ($11,200 + $124.00q) Supplies ($5.00g) Equipment rental ($2, 200 + $23.00q) Insurance ($4,0e00) Miscellaneous ($510 + $1.44q) Total expense 60,800 2,000 11,400 4,000 1,086 79,286 $ 88,714 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 400 $168,000 Revenue ($420.00g) Expenses: Wages and salaries ($11,200 + $124.00q) Supplies ($5.00g) Equipment rental ($2, 200 + $23.00q) Insurance ($4,0e00) Miscellaneous ($510 + $1.44q) Total expense 60,800 2,000 11,400 4,000 1,086 79,286 $ 88,714 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense
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Answer rating: 100% (QA)
Working Flexible Percent rate 390400100390 revenue sales 975420410 revenue fo... View the full answer
Related Book For
Principles of Cost Accounting
ISBN: 978-1305087408
17th edition
Authors: Edward J. Vanderbeck, Maria Mitchell
Posted Date:
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