Puget Sound Divers is a company that provides diving services such as underwater

Question

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:

During May, the company’s activity was actually 290 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to nearest whole dollar.)

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:

Explanation / Answer

Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue 124700 =290*430 Expenses: Wages and salaries 48140 =11600+(290*126) Supplies 870 =290*3 Equipment rental 8000 =2200+(290*20) Insurance 3800 Miscellaneous 969 =540+(290*1.48) Total expense 61779 Net operating income 62921

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