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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 company's planning
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below:
Puget Sound Divers Planning Budget For the Month Ended May 31 | |
Budgeted diving-hours (q) | 300 |
Revenue ($380.00q) | $ 114,000 |
Expenses: | |
Wages and salaries ($11,200 + $128.00q) | 49,600 |
Supplies ($6.00q) | 1,800 |
Equipment rental ($2,200 + $20.00q) | 8,200 |
Insurance ($4,100) | 4,100 |
Miscellaneous ($540 + $1.46q) | 978 |
Total expense | 64,678 |
Net operating income | $ 49,322 |
During May, the company's actual activity was 290 diving-hours.
Required:
a flexible budget for May.(Round your answers to the nearest whole number.)
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