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) 250 Revenue ($470.00q) Expenses: Wages and salaries ($11,100 + $120.00g) Supplies ($5.00q) Equipment rental ($2,300 + $25.00q) Insurance ($4,000) Miscellaneous ($530 + $1.50q) Total expense $117,500 41,100 1,250 8,550 4,000 905 55,805 $ 61,695 Net operating income During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
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) 250 Revenue ($470.00q) Expenses: Wages and salaries ($11,100 + $120.00g) Supplies ($5.00q) Equipment rental ($2,300 + $25.00q) Insurance ($4,000) Miscellaneous ($530 + $1.50q) Total expense $117,500 41,100 1,250 8,550 4,000 905 55,805 $ 61,695 Net operating income During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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