04 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 ($440.00q) Expenses: Wages and salaries ($11,200 + $122.009) Supplies ($4.00q) Equipment rental ($2,100 + $22.00q) Insurance ($4,100) Miscellaneous ($510 + $1.50q) Total expense Net operating income 400 $ 176,000 60,000 1,600 10,900 4,100 1,110 77,710 $ 98,290 During May, the company's actual activity was 390 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 < Prev 38 of 40 Next >
04 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 ($440.00q) Expenses: Wages and salaries ($11,200 + $122.009) Supplies ($4.00q) Equipment rental ($2,100 + $22.00q) Insurance ($4,100) Miscellaneous ($510 + $1.50q) Total expense Net operating income 400 $ 176,000 60,000 1,600 10,900 4,100 1,110 77,710 $ 98,290 During May, the company's actual activity was 390 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 < Prev 38 of 40 Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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hrd.3
answer must be in proper format or i will give down vote
Transcribed Image Text:04
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 ($440.00q)
Expenses:
Wages and salaries ($11,200 + $122.009)
Supplies ($4.00q)
Equipment rental ($2,100 + $22.00q)
Insurance ($4,100)
Miscellaneous ($510 + $1.50q)
Total expense
Net operating income
400
$ 176,000
60,000
1,600
10,900
4,100
1,110
77,710
$ 98,290
During May, the company's actual activity was 390 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
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