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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 companys planning
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) 200 Revenue ($430.00q) $ 86,000 Expenses: Wages and salaries ($11,900 + $122.00q) 36,300 Supplies ($4.00q) 800 Equipment rental ($2,000 + $21.00q) 6,200 Insurance ($4,100) 4,100 Miscellaneous ($510 + $1.44q) 798 Total expense 48,198 Net operating income $ 37,802
During May, the companys actual activity was 190 diving-hours.
Required:
Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
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) | 200 |
---|---|
Revenue ($430.00q) | $ 86,000 |
Expenses: | |
Wages and salaries ($11,900 + $122.00q) | 36,300 |
Supplies ($4.00q) | 800 |
Equipment rental ($2,000 + $21.00q) | 6,200 |
Insurance ($4,100) | 4,100 |
Miscellaneous ($510 + $1.44q) | 798 |
Total expense | 48,198 |
Net operating income | $ 37,802 |
During May, the companys actual activity was 190 diving-hours.
Required:
Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
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