Week 4 6 Puget Sound Divers is a company that provides diving services such as u

Question

Week 4 6 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 1.51 points Puget Sound Divers Planning Budget For the Month Ended Budgeted diving-hours (a) eBook Revenue ($418.e0q) $123,000 Wages and salaries ($11,900 + $128.80q) 47,980 1,see Equipment rental ($2,se$24.eeq) 9,7ee 4,100 952 64,452 Supplies ($6.80q) Insurance ($4,108) Miscellaneous ($528 $1.444) Total expense Net operating income 58, 548 During May, the company's actual activity was 290 diving-hours. Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Prev 11 of 11 Ell Next Type here to search

Explanation / Answer

Pudget Sound Divers Flexible Budget For the month ended May 31 Flexible Budget Budget Diving hours q 290 (a) Revenue ($410 * q) $1,18,900 Expenses: Wages and Salaries [$11,900 + ($120 * q)] $    46,700 Supplies ($6 * q) $      1,740 Equipment rental [$2,500 + ($24 * q)] $      9,460 Insurance $4,100 $      4,100 Miscellaneous [$520+ ($1.44 * q)] $          938 (b) Total expense $    62,938 (a) - (b) Net operating Income $    55,962

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