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) Equipment rental ($2,500+ $25.00g) Insurance (14,000) Revenue Expenses Puget Sound Divers Flexible Budget For the Month Ended May 31 Miscellaneous ($510+ $1.500) Total expenses 50,610 Net operating income $ 37,390 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. 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
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) Equipment rental ($2,500+ $25.00g) Insurance (14,000) Revenue Expenses Puget Sound Divers Flexible Budget For the Month Ended May 31 Miscellaneous ($510+ $1.500) Total expenses 50,610 Net operating income $ 37,390 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. 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe5213aea-34f8-4732-8870-716467e80992%2Fbfe97d6a-7bda-4382-b05c-1fe90806ffe4%2F908esxq_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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