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 divingehours (q) 350 Revenue ($470.00q) $164,500 Expenses: Wages and salaries ($11,400 + $130.00q) 56,900 El Supplies ($3.00q) 1,050 7 Equipment rental ($2,400 + $26.00q) 11,500 eBook Insurance ($3,800) 3,800 Miscellaneous ($530 + $1.48q) 1:048 Total expense 74,298 . . $ 99,292 Hint Met operatlng 1ncori|e | El During May, the company's actual activity was 340 divinghours. Print Required: Iii Prepare a flexible budget for May. [Round your answers to the nearest whole dollar.) References Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 55,505 Net operating income 55 108,995 2 4.16 aoi'its Ouilcene Oysteria farms and sells oysters in the Pacic Northwest. The company.r harvested and sold 1200 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Honth Ended August 31 Actual pounds (q) ?,200 Revenue ($4.20\" $30,240 Expenses: Packing supplies ($0.35\" 2,520 Oyster bed maintenance ($3,000) 3,000 l.iiages and salaries ($2,500 + $0.45q) 5,?4-0 Shipping ($0.80q) 5,?60 Utilities ($1,260) 1,260 Other ($410 + $0.0m) 482 Total expense 18,?62 Net operating income $111478 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds ?,200 Revenue $26,?00 Expenses: Packing supplies 2,690 Oyster bed maintenance 2,860 l.iiages and salaries 6,150 Shipping 5,490 Utilities 1,070 Other 1,102 Total expense 19,362 Net operating income $ L338 I Required: Calculate the company's revenue and spending variances for August. {Indicate the effect ofeach variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 9 Answer is complete but not entirel'ilr correct. Revenue $ 26,5006 u 9 Expenses: Packing supplies 2,6906 U 9 miiifii 3-1609 F 9 Wages andsalaries 5,7506 U 9 Shipping 4.7706 F 9 Utilities 1.0306 F 9 Other 1,1726 u 9 Total expense 18,5?2a U Q Netoperating income 3% 7.928% U Q 3 4.1 6 DDl'S Alyeski Tours operates day tours of coastal glaCiers in Alaska on its tour boat the Blue Glacier. Management has identied two cost driversthe number of cruises and the number of passengersthat it uses in its budgeting and performance reports. The company publishes a schedule ofday cruises that it may supplement With special sailings ifthere is sufficient demand. Up to 81 passengers can be accommodated on the tour boat Data concerning the company's cost formulas appear below: Fixed Cost per Month Cost per Cruise Cost per Passenger Vessel operating chts $ 6J699 $475.99 $ 3.39 Advertising $ ZJYW Administrative costs $ mm 5 34.99 $1.59 Insurance $ 3JQ99 :pr example, vessel operating costs should be $6.600 per month plus $475.00 per cruise plus $3.30 per passenger. The company's sales should average $32.00 per passenger. In July, the company provided 53 cruises for a total ot3,200 passengers. Required: 3repare the company's flexible budget for July. 6 Answer is complete but not entirely correct. Actual cruises o 51 9 Actual passengers 0 3.1000 Revenue is 102300 9 Expenses. Vessel operating costs 40.4510 Adi/enigma 2.5000 Administrative costs 11.790 9 Insurance 3400 a Total expense 58.441 Net operating income ii 43.859 4 416 30mg According to the standard cost card, each helmet should require 0.51 kilograms of plastic, at a cost of $8.00 per kilogram. Ba ndar Industries Berhad of MalaySIa manufactures sporting equipment. One otthe company's products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,700 helmets, using 2,479 kilograms of plastic. The plastic cost the company $18,840. Required: I. What is the standard quantity of kilograms of plastic (SQ) that is allowed [0 make 3,?00 helmets? 2. What is the standard materials cost allowed {80 X SP} to make 3,700 helmets? 3 What is the materials spending variance? 4 What is the materials price variance and the materials quantity variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, I'U" for unfavorable. ancl "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 9 answer is complete but not enti'relilir correct. Standard quantity of kilograms 1 allowed 1'92 9 Standard cost allowed for actual 2 output 3; 13.454 9 3 Materials spending variance $ 254 6 U o 4 Materials price variance $ 331 a F 0 Materials quantity variance $ 1.085 9 U Q 5 4.16 aoiqts According to the standard cost card for'iis meal, it should require 0.20 direct labor-hours at a cost of $8.50 per hour. SkyChefs, |nc., prepares in-flight meals for a number of major airlines. One ofthe company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 6,200 of these meals using 1,200 direct labor-hours The company paid its direct labor workers a 1otalof$10,800 for this work, or $9.00 per hour. Required: 1. What is the standard laborhours allowed (SHJ to prepare 6,200 meals? 2. What is the standard labor cost allowed [SH >