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 the Month Ended May 31 Budgeted diving-hours (g) 250 $110,000 Revenue (s440.00g) Expenses: Wages and salaries ($11,200 $124.00q) Supplies ($6.00g) Equipment rental ($2,400 +$24.00g) Insurance ($3,900) 42,200 1,500 8,400 3,900 865 56,865 $ 53,135 iscellaneous ($500$1.46g) Total expense Net operating income During May, the company's actual activity was 240 diving-hours

Explanation / Answer

Flexible budget :

Revenue 105600 Expense Wages and salaries 40960 Supplies 1440 Equipment rental 8160 Insurance 3900 Miscellaneous 850.40 Total expense 55310.40 Net operating income 50289.60

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