6. What is Adger's revenue Valnanco 7. What is Adger's employee salaries and wages spending variance for Maya 8. What is Adger's travel expenses spending variance for May? 9. What is Adger's other expenses spending variance for May? appet 11. What amount of employee salaries and wages would be included in Adger's planning budg 12. What amount of travel expenses would be included in Adger's planning budget for May? 10. What amount of revenue would be included in Adger's planning budget for May? for May? 13. What amount of other expenses would be included in Adger's planning budget for May? 14. What activity variance would Adger report in May with respect to its revenue? 15. What activity variances would Adger report with respect to each of its expenses? Exercises E connect Graw Hil caton ACCOUNTING All applicable exercises are available with McGraw-Hill's Connect® Accounting. Puget Sound Divers is a company that provides diving services such as underwater ship repairs EXERCISE 9-1 Prepare a Flexible Budget [LO9-1] Requ clients in the Puget Sound area. The company's planning budget for May appears below: 1. 2. Puget Sound Divers Planning Budget For the Month Ended May 31 EXE Qu SO Budgeted diving-hours (q) . . . 100 Revenue ($365.00q) $36,500 Expenses: Wages and salaries ($8,000 + $125.00q) .... Supplies ($3.00q) Equipment rental ($1,800 + $32.00q) Insurance ($3,400) .. Miscellaneous ($630 + $1.80q) . 20,500 300 5,000 3,400 810 Total expense 30,010 Net operating income $ 6,490 Required: During May, the company's activity was actually 105 diving-hours. Prepare a flexible budgt ia that level of activity.
6. What is Adger's revenue Valnanco 7. What is Adger's employee salaries and wages spending variance for Maya 8. What is Adger's travel expenses spending variance for May? 9. What is Adger's other expenses spending variance for May? appet 11. What amount of employee salaries and wages would be included in Adger's planning budg 12. What amount of travel expenses would be included in Adger's planning budget for May? 10. What amount of revenue would be included in Adger's planning budget for May? for May? 13. What amount of other expenses would be included in Adger's planning budget for May? 14. What activity variance would Adger report in May with respect to its revenue? 15. What activity variances would Adger report with respect to each of its expenses? Exercises E connect Graw Hil caton ACCOUNTING All applicable exercises are available with McGraw-Hill's Connect® Accounting. Puget Sound Divers is a company that provides diving services such as underwater ship repairs EXERCISE 9-1 Prepare a Flexible Budget [LO9-1] Requ clients in the Puget Sound area. The company's planning budget for May appears below: 1. 2. Puget Sound Divers Planning Budget For the Month Ended May 31 EXE Qu SO Budgeted diving-hours (q) . . . 100 Revenue ($365.00q) $36,500 Expenses: Wages and salaries ($8,000 + $125.00q) .... Supplies ($3.00q) Equipment rental ($1,800 + $32.00q) Insurance ($3,400) .. Miscellaneous ($630 + $1.80q) . 20,500 300 5,000 3,400 810 Total expense 30,010 Net operating income $ 6,490 Required: During May, the company's activity was actually 105 diving-hours. Prepare a flexible budgt ia that level of activity.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
9-1
![6. What is Adger's revenue Valnanco
7. What is Adger's employee salaries and wages spending variance for Maya
8. What is Adger's travel expenses spending variance for May?
9. What is Adger's other expenses spending variance for May?
appet
11. What amount of employee salaries and wages would be included in Adger's planning budg
12. What amount of travel expenses would be included in Adger's planning budget for May?
10. What amount of revenue would be included in Adger's planning budget for May?
for May?
13. What amount of other expenses would be included in Adger's planning budget for May?
14. What activity variance would Adger report in May with respect to its revenue?
15. What activity variances would Adger report with respect to each of its expenses?
Exercises
E connect
Graw
Hil
caton
ACCOUNTING
All applicable exercises are available with McGraw-Hill's Connect® Accounting.
Puget Sound Divers is a company that provides diving services such as underwater ship repairs
EXERCISE 9-1 Prepare a Flexible Budget [LO9-1]
Requ
clients in the Puget Sound area. The company's planning budget for May appears below:
1.
2.
Puget Sound Divers
Planning Budget
For the Month Ended May 31
EXE
Qu
SO
Budgeted diving-hours (q) . . .
100
Revenue ($365.00q)
$36,500
Expenses:
Wages and salaries ($8,000 + $125.00q) ....
Supplies ($3.00q)
Equipment rental ($1,800 + $32.00q)
Insurance ($3,400) ..
Miscellaneous ($630 + $1.80q) .
20,500
300
5,000
3,400
810
Total expense
30,010
Net operating income
$ 6,490
Required:
During May, the company's activity was actually 105 diving-hours. Prepare a flexible budgt ia
that level of activity.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85e39e9b-3b6a-4fb6-8406-b63a567ff03b%2F749b5ba8-2eb0-4d95-b4b3-2d93c47ee651%2Fjmkx86i.jpeg&w=3840&q=75)
Transcribed Image Text:6. What is Adger's revenue Valnanco
7. What is Adger's employee salaries and wages spending variance for Maya
8. What is Adger's travel expenses spending variance for May?
9. What is Adger's other expenses spending variance for May?
appet
11. What amount of employee salaries and wages would be included in Adger's planning budg
12. What amount of travel expenses would be included in Adger's planning budget for May?
10. What amount of revenue would be included in Adger's planning budget for May?
for May?
13. What amount of other expenses would be included in Adger's planning budget for May?
14. What activity variance would Adger report in May with respect to its revenue?
15. What activity variances would Adger report with respect to each of its expenses?
Exercises
E connect
Graw
Hil
caton
ACCOUNTING
All applicable exercises are available with McGraw-Hill's Connect® Accounting.
Puget Sound Divers is a company that provides diving services such as underwater ship repairs
EXERCISE 9-1 Prepare a Flexible Budget [LO9-1]
Requ
clients in the Puget Sound area. The company's planning budget for May appears below:
1.
2.
Puget Sound Divers
Planning Budget
For the Month Ended May 31
EXE
Qu
SO
Budgeted diving-hours (q) . . .
100
Revenue ($365.00q)
$36,500
Expenses:
Wages and salaries ($8,000 + $125.00q) ....
Supplies ($3.00q)
Equipment rental ($1,800 + $32.00q)
Insurance ($3,400) ..
Miscellaneous ($630 + $1.80q) .
20,500
300
5,000
3,400
810
Total expense
30,010
Net operating income
$ 6,490
Required:
During May, the company's activity was actually 105 diving-hours. Prepare a flexible budgt ia
that level of activity.
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