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 Puget Sound Divers Planning Budget For ed May 31 Budgeted diving-hours (c) Revenue ($470.00q) 400 $188,000 Expenses: Wages and salaries ($11,700+ $128.00q) Supplies ($5.00q) Equipment rental ($2,000 +$21.00q) Insurance ($4,000) Miscellaneous ($520+ $1.50q) 62,900 2,000 10,400 4,000 1,120 Total expense 80,420 Net operating income $ 107,580

Explanation / Answer

Flexible Budget(300 driving hours) Revenue $183,300 (390*$470*) Expenses: Wages and salaries $61,620 ($11700+390*128*) Supplies $1,950 (390*$5*) Equipment rental $10,190 ($2000+390*$21) Insurance $4,000 (fixed) Miscellaneous $1,105 ($520+390*$1.50) total expense $78,865 Net operating income $104,435 * Given in Planning Budget

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