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
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