Puget Sound Divers is a company that provides diving services such as underwater ship repairs...
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Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:
During May, the companys actual activity was 240 diving-hours.
Required:
Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 250 $115,000 Revenue ($460.009) Expenses: Wages and salaries ($11,200 + $126.009) Supplies ($6.009) Equipment rental ($2,200 + $24.009) Insurance ($4,000) Miscellaneous ($510 + $1.449) Total expense Net operating income 42,700 1,500 8,200 4,000 870 57,270 $ 57,730 Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
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