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. (Round your answers to nearest whole dollar.)

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 108000 =240*450 Expenses: Wages and salaries 43100 =11900+(240*130) Supplies 1200 =240*5 Equipment rental 7440 =2400+(240*21) Insurance 3800 Miscellaneous 856 =510+(240*1.44) Total expense 56396 Net operating income 51604

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