Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for Mayappears below:Budgeted diving-hours (9)Revenue ($460.009)Puget Sound DiversPlanning BudgetFor the Month Ended May 31RevenueExpenses:Expenses:Wages and salaries ($11,100+ $124.009)Supplies ($4.009)Equipment rental ($2,000+ $21.009)Insurance ($4,100)Miscellaneous ($540+ $1.469)Total expensesNet operating incomeDuring May, the company's actual activity was 340 diving-hours.Required:Prepare a flexible budget for May.Note: Round your answers to the nearest whole number.Puget Sound DiversFlexible BudgetFor the Month Ended May 31Wages and salariesSuppliesEquipment rentalInsuranceMiscellaneous350$ 161,00054,5001,4009,3504,1001,05170,401$ 90,599

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 (g) Revenue ($460.009) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($11,100+ $124.009) Supplies ($4.009) Equipment rental ($2,000+ $21.009) Insurance ($4,100) Revenue Expenses: Puget Sound Divers Flexible Budget For the Month Ended May 31 Wages and salaries Supplies Equipment rental Insurance Miscellaneous 350 $ 161,000 Miscellaneous ($540+ $1.469) Total expenses Net operating income 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. 54,500 1,400 9,350 4,100 1,051 70,401 $ 90,599

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 (g) Revenue ($460.009) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($11,100+ $124.009) Supplies ($4.009) Equipment rental ($2,000+ $21.009) Insurance ($4,100) Revenue Expenses: Puget Sound Divers Flexible Budget For the Month Ended May 31 Wages and salaries Supplies Equipment rental Insurance Miscellaneous 350 $ 161,000 Miscellaneous ($540+ $1.469) Total expenses Net operating income 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. 54,500 1,400 9,350 4,100 1,051 70,401 $ 90,599

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 (9) Revenue ($440.009) Expenses: Wages and salaries ($11,700 + $120.009) Supplies ($3.00q) Equipment rental ($2,500 + $22.009) Insurance ($4,000) Miscellaneous ($540+ $1.44g) Total expense Net operating income During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. Revenue Expenses: Puget Sound Divers Planning Budget For the Month Ended May 31 Puget Sound Divers Flexible Budget Month Ended May 31 Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 300 $ 132,000 47,700 900 9,100 4,000 972 62,672 $ 69,328
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 (q) Revenue ($460.00q) Expenses: Wages and salaries ($11,200 +$126.00q) Supplies ($5.00q) Equipment rental ($2,400 + $20.00q) Insurance ($4,000) Miscellaneous ($540 + $1.50q) Total expenses Net operating income. 250 $ 115,000 42,700 1,250 7,400 4,000 915 56,265 $ 58,735 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. Note: 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: Budgeted diving-hours (9) Revenue ($450.009) Expenses: Wages and salaries ($11,700 + $122.009) Supplies ($5.009) Equipment rental ($2,400 + $24.009) Insurance ($3,800) Puget Sound Divers Planning Budget For the Month Ended May 31 Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Miscellaneous ($540+ $1.469) Total expense Net operating income During May, the company's actual activity was 390 diving-hours. Wages and salaries Supplies Equipment rental Insurance. Miscellaneous Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Total expense Net operating income. 400 $ 180,000 $ 60,500 2,000 12,000 0 0 3,800 1,124 79,424 $ 100,576
Vinubhai
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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) 200 Revenue ($450.00g) $90,000 Expenses: 36,700 Wages and salaries ($11,100 + $128.00q) Supplies ($6.00q) 1,200 Equipment rental ($2,400 + $25.00q) 7,400 Insurance ($3,800) 3,800 Miscellaneous ($510+ $1.46g) 802 Total expense 49,902 $ 40,098 Net operating income. During May, the company's actual activity was 190 diving-hours.
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) 250 Revenue ($410.00q) $ 102,500 Expenses: Wages and salaries ($11,100 + $124.00q) 42,100 Supplies ($6.00q) 1,500 Equipment rental ($2,500 + $23.00q) 8,250 Insurance ($4,000) 4,000 Miscellaneous ($520 + $1.44q) 880 Total expense 56,730 Net operating income $ 45,770 During May, the company’s actual activity was 240 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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 250 Revenue ($390.00q) $ 97,500 Expenses: Wages and salaries ($11,900 + $126.00q) 43,400 Supplies ($5.00q) 1,250 Equipment rental ($2,200 + $21.00q) 7,450 Insurance ($4,000) 4,000 Miscellaneous ($500 + $1.48q) 870 Total expense 56,970 Net operating income $ 40,530 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 dollar.)
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) 100 Revenue ($365.00q) $ 36,500 Expenses: Wages and salaries ($8,000 +$125.009) 20,500 Supplies ($3.009) 300 Equipment rental ($1,800+ $32.009) 5,000 3,400 Miscellaneous ($630 +$1.809) 810 30,010 $ 6,490 Insurance ($3,400) 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
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 (g) Revenue (1440.000) Expenses: Wages and salaries ($11,300 $130.00g) Supplies ($5.00g) Revenue Expenses Equipment rental ($2,500+ $25.00g) Insurance (14,000) Miscellaneous ($510 $1.500) Total expenses Net operating income During May, the company's actual activity was 190 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 Total expenses Net operating income 200 $ 88,000 0 37,300 1,000 7,500 4,000 810 50,610 $ 37,390
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