#2 #3 Cen par ork, Ch9 6 Puget Sound Divers is a company that provides The compa
ID: 2511985 • Letter: #
Question
#2#3 Cen par ork, Ch9 6 Puget Sound Divers is a company that provides The company's planning budget for May appears below: diving services such as underwater ship repairs to clients in the Puget Sound area Planning Budget the Month Ended May 31 dgeted divin 350 Revenue ($460.e8q) $161,000 Wages and salaries ($11,680 12.0q) Supplies ($5.e0q) Equipment rental ($2,200$24.00) 1,75e 10,680 4,200 Miscellaneous ($548+$1.42q) Total expense s 89,813 Durtng May the company's actual activity was 340 diving-hours. Required Prepare a flexible budget for May. (Round your answers to the nearest whole number) Puget Sound Divers For the Month Ended May 31
Explanation / Answer
PUGEST SOUND DIVERS FLEXIBLE BUDGET FOR THE MONTH ENDED MAY31 Budgeted Diving hours 340 Revenue (340 hours @460) 156400 Expenses: Wages and salaries (11600+340 hours @120) 52400 Supplies (340 hours @5) 1700 Equipment rental (2200+340 hours @24) 10360 Insurance 4200 Misc. expense (540+ 340 hours @1.42) 1023 Total expense 69683 Net operating income 86717
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