Puget Sound hrome File Edit View History Bookmarks People Window Help X), D Chap

Question

Puget Sound hrome File Edit View History Bookmarks People Window Help X), D Chapter 8, Part 1 Homework x MH Campus . ACCT-230-002 McGraw-Hill Education Camp × c ezto.mheducation.com/hm.tpx? 0.6831423607812056 1520299194855 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 (a) Revenue ($440.00q) 250 $110,000 Wages and salaries ($11,800 $120.00q) Supplies ($5.00q) Equipment rental ($2,400 $22.00g) Insurance ($4,100) Miscellaneous ($530+$1.44) 41,800 1,250 7,900 4,100 890 Total expense 55,940 Net operating income 54,060 Required: company's activity was actually 240 diving-hours, Complete the following flexble budget for that level of activity. (Round your answers to nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense

Explanation / Answer

Flexible Budget Revenue 240*440 105600 Expenses Wages and Salaries 11800+120*240 40600 Supplies 240*5 1200 Equipment rental 2400+22*240 7680 Insurance 4100 4100 Miscellaneous 530+1.44*240 876 Total Expense 54,456

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.