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 240 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 Flexible Budget For the month ended May 31 Revenue (240*$380) $ 91,200.00 Expenses Wages and salaries ((240*$124)+$11,700) $ 41,460.00 Supplies (240*$5) $    1,200.00 Equipment rental ((240*$24)+$2,400) $    8,160.00 Insurance $    3,900.00 Misc. ((240*$1.46)+$510) $        860.40 Total expenses $ 55,580.40 Net operating income $ 35,619.60

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