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:

During May, the company’s activity was actually 105 diving-hours. Complete the following flexible budget for that level of activity.

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:

Explanation / Answer

Puget Sound Divers Planning Budget For the Month Ended May 31 BASIS Amt REVENUE 365*105 38325 EXPENSES: Wages & Salaries 8000+125*105 21125 Supplies 3*105 315 Equipment rental 1800+32*105 5160 Insurance 3400 3400 Miscellaneous 630+1.80*105 819 TOTAL EXPENSES 30819 NET OPERATING INCOME 7506

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