View History Bookmarks Window Help on.com pter 9 Exercises 6 Saved Help Save& Ex

ID: 2516154 • Letter: V

Question

View History Bookmarks Window Help on.com pter 9 Exercises 6 Saved Help Save& ExitS Check myw 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 31 350 Budgeted diving-hours () Skipped $164,500 Revenue ($470.00g) Expenses: Wages and salaries ($11,600+ $128.00g) Supplie8 ($4.00g) Equipment rental (2,300 $22.00g) Insurance (3,80o) Miscellaneous (s5301.44g) 56,400 1,400 10,000 3,800 eBook Print 72, 634 91,866 Total expense eferences Net operating incone During May, the company's actual activity was 340 diving-hours Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue ?Prev 10, 5 Next>

Explanation / Answer

Answer

Variable [per 'q']

Total for 340 q

Fixed

Total [ANSWER column]

Revenue

$470

159800

$ 1,59,800

Expenses:

$ -

Wages & Salaries

$128

43520

11600

$ 55,120

Supplies

1360

$ 1,360

Equipment rental

$22

7480

2300

$ 9,780

Insurance

3800

$ 3,800

Miscellaneous

$1.44

489.6

530

$ 1,020

Total expenses

$155.44

52849.6

18230

$ 71,080

Net Operating Income

$ 88,720