Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the The company's planning budget for May appears below. Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (4) Revenue ($365.000) Expenses Wages and salaries ($8,000 $125.000) Supplies ($1.00g) Equipment rental ($1,000+ $12.00) Insurance ($3,400) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses 100 Miscellaneous ($630+ $1.00) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May Wages and salaries 20,500 300 5,000 3,400 810 30,010 16,490
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the The company's planning budget for May appears below. Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (4) Revenue ($365.000) Expenses Wages and salaries ($8,000 $125.000) Supplies ($1.00g) Equipment rental ($1,000+ $12.00) Insurance ($3,400) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses 100 Miscellaneous ($630+ $1.00) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May Wages and salaries 20,500 300 5,000 3,400 810 30,010 16,490
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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.
A
Puget Sound Divers
Planning Budget
For the Honth Ended May 31
Budgeted diving-hours (4)
Revenue ($365.000)
Expenses
Mages and salaries ($8,000 $125.000)
Supplies ($3.00g)
Equipment rental ($1,800 $32.00)
Insurance ($3,400)
Miscellaneous ($650+ $1,809)
Total expense
Net operating Income
During May, the company's actual activity was 105 diving-hours
Required:
Prepare a flexible budget for May
Puget Sound Divers
Flexible Budget
For the Month Ended May 31
Revens
Expenses
Wages and salaries
Supples
Equipment rental
Insurance
Miscellaneous
100
$ 16,500
fet operating income
20,500
500
5,000
3,400
810
30,010
16,490
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