Question
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
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) Revenue ($430.00q) Expenses: Wages and salaries ($11,600 +$130.00q) Supplies ($5.00q) Equipment rental ($2,000 +$23.00q) Insurance ($3,900) Miscellaneous ($530 + $1.44q) Total expense Net operating income 350 $ 150,500 57,100 1,750 10,050 3,900 1,034 73,834 $ 76,666 During May, the company's actual activity was 340 diving-hours.
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