Puget Sound Divers pravides 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 (q) Revenue ($450.009) Expenses: Wages and salaries ($11,200 + $124.009) Supplies ($4.009) Equipment rental ($2,300 + $25.00q) Insurance ($4,100) Miscellaneous ($510 +$1.44q) Total expenses Net operating income 400 $ 180,000 60,800 1,600 12,300 4,100 1,086 79,886 $ 100,114 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 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expenses Net operating income
Puget Sound Divers pravides 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 (q) Revenue ($450.009) Expenses: Wages and salaries ($11,200 + $124.009) Supplies ($4.009) Equipment rental ($2,300 + $25.00q) Insurance ($4,100) Miscellaneous ($510 +$1.44q) Total expenses Net operating income 400 $ 180,000 60,800 1,600 12,300 4,100 1,086 79,886 $ 100,114 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 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expenses Net operating income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Puget Sound Divers pravides 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 (q)
Revenue ($450.009)
Expenses:
Wages and salaries ($11,200 + $124.009)
Supplies ($4.009)
Equipment rental ($2,300 + $25.00q)
Insurance ($4,100)
Miscellaneous ($510 +$1.44q)
Total expenses
Net operating income
400
$ 180,000
60,800
1,600
12,300
4,100
1,086
79,886
$ 100,114
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
Revenue
Expenses
Wages and salaries
Supplies
Equipment rental
Insurance
Miscellaneous
Total expenses
Net operating income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4c9d81ea-b1eb-4e7f-8fec-8293d089cb86%2F6ee2e856-b7fc-49f5-a24d-a82b2feb0c69%2F6qu1mtl_processed.png&w=3840&q=75)
Transcribed Image Text:Puget Sound Divers pravides 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 (q)
Revenue ($450.009)
Expenses:
Wages and salaries ($11,200 + $124.009)
Supplies ($4.009)
Equipment rental ($2,300 + $25.00q)
Insurance ($4,100)
Miscellaneous ($510 +$1.44q)
Total expenses
Net operating income
400
$ 180,000
60,800
1,600
12,300
4,100
1,086
79,886
$ 100,114
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
Revenue
Expenses
Wages and salaries
Supplies
Equipment rental
Insurance
Miscellaneous
Total expenses
Net operating income
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