hello, I am having trouble finding the wages and salaries for this question. It\
ID: 2527462 • Letter: H
Question
hello, I am having trouble finding the wages and salaries for this question. It's not 64,000 or 62,700.
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) Revenue ($400.00q) 400 160,000 Wages and salaries ($12,000$130.00q) Supplies ($6.00q) Equipment rental ($2,100+$22.00q) Insurance ($4,100) Miscellaneous ($510+$1.42q) 64,000 2,400 10,900 4,100 1,078 Total expense 82,478 Net operating income S 77,522 Required: During May, the company's activity was actually 390 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue $156,000 Wages and salaries Supplies Equipment rental Insurance Miscellaneous 2,340 10,680 4,100 1,064 18,184 $137,816 Total expense Net operating incomeExplanation / Answer
Calculation of wages and salaries:
Wages and salaries= 12000+130q
=12000+130*390
=12000+50700= $62700
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