Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($450.009)...
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Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($450.009) Expenses: Wages and salaries ($11,900 + $126.00q) Supplies ($5.00q) Equipment rental ($2,200 + $26.00q) Insurance ($4,200) Miscellaneous ($550 + $1.44q) Total expense Net operating income 300 $ 135,000 49,700 1,500 10,000 4,200 982 66,382 $ 68,618 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($450.009) Expenses: Wages and salaries ($11,900 + $126.00q) Supplies ($5.00q) Equipment rental ($2,200 + $26.00q) Insurance ($4,200) Miscellaneous ($550 + $1.44q) Total expense Net operating income 300 $ 135,000 49,700 1,500 10,000 4,200 982 66,382 $ 68,618 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
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1 Revenue Calculation Given Budgeted divinghours q 300 Revenue per divinghour 45000 Actual divinghou... View the full answer
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