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...

60.1K

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) 250
Revenue ($400.00q) $ 100,000
Expenses:
Wages and salaries ($11,000 + $124.00q) 42,000
Supplies ($5.00q) 1,250
Equipment rental ($2,100 + $21.00q) 7,350
Insurance ($3,800) 3,800
Miscellaneous ($510 + $1.48q) 880
Total expense 55,280
Net operating income $ 44,720

During May, the companys actual activity was 240 diving-hours.

Required:

Prepare a flexible budget for May

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

The point Q lies on the segment PR.Find the coordinates of Q so that PQ...

Geometry
Q

A ball is thrown vertically upward from the top of a building 112 feet tall with...

Advance Math
Q

For the following taxpayers, determine if they are required to file a tax return in 2020. Ricko, single...

Accounting
Q

The most important factor determining the direction and strength of sexual selection is:Offspring sizeO Offspring...

Biology
Q

When plants colonized on land which of the following was NOT an obstacle they had...

Biology
Q

An electron (charge -e) is located at a distance r away from a carbon nucleus...

Physics
Q

L If an electromagnetic wave of frequency 5 MHz travels from vacuum into a dielectric...

Physics
Q

the correct choices that complete the sentences an constructing a Venn diagram with three oping...

Basic Math
Q

X Company is considering replacing one of its machines in order to save operating costs....

Accounting
Q

When should an investor, applying the equity method of accounting for an investment, recognize equity...

Accounting
Q

Current Attempt in Progress Which one of the following is an advantage of the corporate...

Accounting
Q

Find the future value of this loan. $24,212 at 8.9% for 6 months The future...

Finance