Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1]Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for Mayappears below:Puget Sound DiversPlanning Budgetfor the month ended may 31Budgeted diving-hours (4)Revenue ($410.000)Mages and salaries ($11,000+ $128.000)Supplies ($3.000)equipment rental ($2,100 $24.000)Insurance ($4,000)Miscellaneous ($330 + $1.484)Total expensesnet operating InconePuget Sound DiversFlexible BudgetFor the Month Ended May 31Actual diving-hoursRevenueExpenses:During May, the company's actual activity was 340 diving-hours.Required:Prepare a flexible budget for MayNote: Round your answers to the nearest whole number.Wages and salariesSuppliesEquipment rentalInsuranceMiscellaneousTotal expensesNet operating Income$ 143,50051,75010,9004,0000073,498$ 70,002

Flexible Budget : A flexible Budget helps to adjust the budgeted amount based on the actual sales.…

Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the month ended may 31 Budgeted diving-hours (4) nevenue ($410.000) Hages and salaries ($11,000+ $128.000) Supplies ($5.000) equipment rental ($2,100 - $24.000) Insurance ($4,000) Miscellaneous ($130+ $1.480) Total expenses net operating in one Puget Sound Divers Flexible Budget For the Month Ended May 1 $ 70,002 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May Note: Round your answers to the nearest whole number Actual diving-hours Revenue Expenses Wages and salaries Supplies Equipment rent Insurance Miscellaneous 310 $ 143,100 Total expenses Net operating income 11,000 1,750 10,000 4,000

Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the month ended may 31 Budgeted diving-hours (4) nevenue ($410.000) Hages and salaries ($11,000+ $128.000) Supplies ($5.000) equipment rental ($2,100 - $24.000) Insurance ($4,000) Miscellaneous ($130+ $1.480) Total expenses net operating in one Puget Sound Divers Flexible Budget For the Month Ended May 1 $ 70,002 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May Note: Round your answers to the nearest whole number Actual diving-hours Revenue Expenses Wages and salaries Supplies Equipment rent Insurance Miscellaneous 310 $ 143,100 Total expenses Net operating income 11,000 1,750 10,000 4,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 6PA: Budgeted income statement and balance sheet As a preliminary to requesting budget estimates of...

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Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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 ($480.009) Expenses: Wages and salaries ($11,300 + $126.00q) Supplies ($5.00q) Equipment rental ($2,100 + $20.00q) Insurance ($4,000) Miscellaneous ($530 +$1.50q) Total expense Net operating income 350 $ 168,000 55,400 1,750 9,100 4,000 1,055 71,305 $ 96,695 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)
Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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: Budgeted diving-hours (q) Revenue ($470.00q) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($11,600+ $122.00q) Supplies ($4.00q) Equipment rental ($2,400 + $24.00q) Insurance ($4,100) Miscellaneous ($520+ $1.44q) Total expense Net operating income Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: 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.) Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 300 $ 141,000 0 0 48,200 1,200 9,600 4,100 952 64,052 $76,948
Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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 31 400 $ 176,000 Budgeted diving-hours (q) Revenue ($440.004) Expenses: Wages and salaries ($11,600+ $120.00q) Supplies ($4.000) Equipment rental ($2,300 + $25.009) Insurance ($4,000) Miscellaneous ($540 + $1.42q) Total expense Net operating income 59,600 1,600 12,300 4,000 1,108 78,608 $ 97,392 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 dollar.) 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
Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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) 400 $168,000 Revenue ($420.00g) Expenses: Wages and salaries ($11,600 + $120.00q) Supplies ($4.00g) Equipment rental ($2,100 + $24.00g) Insurance ($4,200) Miscellaneous ($510 + $1.44g) 59,600 1,600 11, 700 4, 200 1,e86 78,186 Total expense Net operating income $ 89,814 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 Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
205 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 ($470.00q) Expenses: Wages and salaries ($11,500+$124.00q) Supplies ($4.00q) Equipment rental ($2,300+$23.00q) Insurance ($3 ,800) Miscellaneous ($500+$1.48q) Total expense Net operating income 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 Planning Budget For the Month Ended May 31 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: Budgeted diving-hours (q) Revenue ($470.00g) Expenses: Wages and salaries ($11,500+ $124.80g) Supplies ($4.00g)…
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Exercise 9-1 (Static) Prepare a Flexible Budget [LO9-1] 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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 100 Revenue ($365.00q) $ 36,500 Expenses: Wages and salaries ($8,000 + $125.00q) 20,500 Supplies ($3.00q) 300 Equipment rental ($1,800 + $32.00q) 5,000 Insurance ($3,400) 3,400 Miscellaneous ($630 + $1.80q) 810 Total expense 30,010 Net operating income $ 6,490 During May, the company’s actual activity was 105 diving-hours. Required: Prepare a flexible budget for May.
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 Budgeted diving-hours (q) Revenue ($450.00q) Expenses: Wages and salaries ($11,600 + $124.009) Supplies ($3.009) For the Month Ended May 31 350 $ 157,500 55,000 1,050 10,150 4,000 1,065 71,265 $ 86,235 Equipment rental ($2,100 + $23.00q) Insurance ($4,000) Miscellaneous ($540 + $1.50q) Total expense Net operating income During May, the company's actual activity was 340 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 0 0
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es Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Budgeted diving-hours (q) Revenue ($470.00q) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($11,400 + $126.00g) Supplies ($3.00q) Equipment rental ($2,100 + $23.00q) Insurance ($4,000) Miscellaneous ($530+ $1.42q) Total expenses Net operating income Revenue Expenses During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. Puget Sound Divers Flexible Budget For the Month Ended May 31 Wages and salaries Supplies Equipment rental Insurance Miscellaneous 400 $ 188,000 61,800 1,200 11,300 4,000 1,098 79,398 TEFAL $ 108,602
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