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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
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 ($450.00g) Expenses: Wages and salaries ($11,400 + $126.00g) Supplies ($3.00q) Equipment rental ($2,200 +$22.00g) Insurance ($4,000) Miscellaneous ($530 +$1.50g) Total expense Net operating income 400 $ 180,000 61,800 1,200 11,000 4,000 1,130 79,130 $ 100,870 During May, the company's actual activity was 390 diving-hours.
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