Question
Please help me with this question before 11:59pm on the 5th please and thank you! If you could please explain or show how you solved
Please help me with this question before 11:59pm on the 5th please and thank you! If you could please explain or show how you solved the problem that would be amazing!! Thank you!!!
1) Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:
Puget Sound Divers Planning Budget For the Month Ended May 31 | |
Budgeted diving-hours (q) | 350 |
---|---|
Revenue ($390.00q) | $ 136,500 |
Expenses: | |
Wages and salaries ($11,700 + $130.00q) | 57,200 |
Supplies ($6.00q) | 2,100 |
Equipment rental ($2,400 + $26.00q) | 11,500 |
Insurance ($4,000) | 4,000 |
Miscellaneous ($540 + $1.42q) | 1,037 |
Total expense | 75,837 |
Net operating income | $ 60,663 |
During May, the companys actual activity was 340 diving-hours.
a) Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)
_____ _____
Revenue ____
Expenses ______
Wages and salaries ___
Supplies _____
equipment rental _____
insurance _____
Miscellaneous ______
Total expense 0
Net operating income $_____
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