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 (9) 350 Revenue ($400.089) $ 140,000 Expenses: Wages and salaries (511,308 + $126.689) 55,400 Supplies ($5.00) 1,750 Equipment rental ($2,200 + $25.000) 10,950 Insurance (54,800) 4,000 Miscellaneous ($530 + $1.489) 1,848 Total expense 73, 148 $ 66,852 Net operating income During May, the company's act activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Preu 1 of 6 !!! Next > 2 Book Hint August. The company's flexible budget for August appears below. Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,600 Revenue ($4.100) $ 31,160 Expenses: Packing supplies (50.359) 2,660 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,100 + $0.309) 4,380 Shipping ($0.80) 6,080 Utilities ($1,210) 1,210 Other ($450 + $0.019) 526 Total expense 18,356 Net operating income $ 12,804 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 Revenue $ 27, 100 Expenses: Packing supplies 2,830 Oyster bed maintenance 3,360 Wages and salaries 4,790 Shipping 5,810 Utilities 1,020 Other 1,146 Total expense 18,956 Net operating income $ 8,144 Print orences Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances Other Total expense Net operating income 1,146 18,956 $ 8,144 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positiv Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the 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 2,849 kilograms of plastic. The plastic cost the company $18,803. According to the standard cost card, each helmet should require 0.67 kilograms of plastic, at a cost of $7.00 per kilogram Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3.700 helmets? 2. What is the standard materials cost allowed (SQ * 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, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard quantity of kilograms allowed 2. Standard cost allowed for actual output 3. Materials spending variance 4. Materials price variance 4. Materials quantity variance SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 3,500 of these meals using 950 direct labor-hours. The company paid its direct labor workers a total of $10,450 for this work, or $11.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $9.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 3,500 meals? 2. What is the standard labor cost allowed (SHSR) to prepare 3,500 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? (For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 1. Standard labor-hours allowed 2. Standard labor cost allowed 3. Labor spending variance 4. Labor rate variance 4.Labor efficiency variance