Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. puget sound divers is a company that provides divi

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

90.2K

Verified Solution

Question

Accounting

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 Planning Budget For the Month Ended May 31
Budgeted diving-hours (q) 350
Revenue ($480.00q) $ 168,000
Expenses:
Wages and salaries ($11,100 + $124.00q) 54,500
Supplies ($5.00q) 1,750
Equipment rental ($2,300 + $24.00q) 10,700
Insurance ($3,800) 3,800
Miscellaneous ($530 + $1.48q) 1,048
Total expense 71,798
Net operating income $ 96,202

During May, the companys actual activity was 340 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Determine whether each statement is true or false.a. The Poincar Incidence Plane is an example...

Geometry
Q

If Wild Widgets, Inc., were an all-equity company, it would have a beta of .90. The...

Finance
Q

Bensen Company began operations when it acquired $26,700 cash from the issue of common stock on...

Accounting
Q

A particle moves in the xy plane with constant acceleration. At t = 0 the particle...

Physics
Q

please let me know reference of this MATLAB code. please explain this code line by line. . . N=256;...

Electrical Engineering
Q

O system software O external hardware O application software O internal hardware

Biology
Q

An a particle with a kinetic energy of 2 1 eV makes a head on...

Physics
Q

1 point Given the least squares regression line y 2 48 1 63x and a...

Statistics
Q

Find all of the real solutions to the following equation Write your answers in order...

Algebra
Q

What are the formulas for total costs, selling price per unit, total revenue, total profits...

Accounting
Q

QUESTION 17 Getting Away With It (All Messed Up), Inc. provided the following information for...

Accounting
Q

ods Sold Budget Data table r 30, 2024 Cash sales, 30% Credit sales, 70% Total...

Accounting