value 1.50 points Gator Divers is a company that provides diving services such a

Question

value 1.50 points Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area. The company's planning budget for March appears below Gator Divers Planning Budget the Month Ended March 31 Budgeted diving-hours (q) Revenue ($450.00q) 350 $157,500 Wages and salaries ($11,200 $128.00q) Supplies ($3.00q) Equipment rental ($2,100 $22.00q) Insurance ($3,800) Miscellaneous ($540+ $1.48q) 56,000 1,050 9,800 3,800 1,058 Total expense 71,708 Net operating income $ 85,792 Required During March, the company's activity was actually 340 diving-hours. Complete the flexible budget for that level of activity. (Round your answers to nearest whole dollar.) Gator Divers Flexible Budget For the Month Ended March 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income

Explanation / Answer

Answer

gator divers flexible budget for the month ended march 31

particulars amount revenue (450 * 340 ) 153000 expenses wages and salaries 11800 + 340*128 55320 supplies 4 1360 equipment rental 2200 + 340*23 10020 insurance 4000 miscellaneous 530 + 340*1.5 1040 total expenses 71740 net income ( revenue - total expenses ) 81260

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