Question
Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area. The companys planning budget
Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area. The companys planning budget for March appears below: Gator Divers Planning Budget For the Month Ended March 31 Budgeted diving-hours (q) 400 Revenue ($430.00q) $ 172,000 Expenses: Wages and salaries ($11,700 + $124.00q) 61,300 Supplies ($5.00q) 2,000 Equipment rental ($2,400 + $25.00q) 12,400 Insurance ($3,800) 3,800 Miscellaneous ($540 + $1.50q) 1,140 Total expense 80,640 Net operating income $ 91,360
Required: During March, the companys activity was actually 390 diving-hours. Complete the flexible budget for that level of activity. (Round your answers to nearest whole dollar.)
I need the numbers for the following:
Wages and salaries? Equipment rental? Miscellaneous?
I have calculated the numbers already for Revenue, Supplies and Insurance. Please provide me the numbers for Wages and salaries, Equipment rental and Miscellaneous. The answers need to be rounded to the nearest whole dollar.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started