Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-ho

Question

Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($365.00q) 100 $ 36,500 Expenses Wages and salaries ($8,000 $125.00q) Supplies ($3.00q) Equipment rental ($1,800$32.00q) Insurance ($3,400) Miscellaneous ($630 $1.80g) 20,500 300 5,000 3,400 810 Total expense 30,010 Net operating income $ 6,490 Required: During May, the company's activity was actually 105 diving-hours. Complete the following flexible budget for that level of activity Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income 0

Explanation / Answer

Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue (365 * 105) 38325 Less - Expenses: Wages and salaries ($8000 + $125 * 105) 21125 Supplies ($3 * 105) 315 Equipment rental ($1800 + 32 * 105) 5160 Insurance (3400) 3400 Miscellaneous (630 + $1.80 * 105) 819 Total expense 30819 Net Operating Income 7506 * Net operating income = Revenue - Total expenses 38,325 - 30,819 7506 * Budgeted diving hours = 105

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.