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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) | 300 |
---|---|
Revenue ($410.00q) | $ 123,000 |
Expenses: | |
Wages and salaries ($11,600 + $124.00q) | 48,800 |
Supplies ($3.00q) | 900 |
Equipment rental ($2,000 + $22.00q) | 8,600 |
Insurance ($3,900) | 3,900 |
Miscellaneous ($510 + $1.48q) | 954 |
Total expense | 63,154 |
Net operating income | $ 59,846 |
During May, the companys actual activity was 290 diving-hours.
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