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 290 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 124700 =290*430 Expenses: Wages and salaries 47940 =11400+(290*126) Supplies 1450 =290*5 Equipment rental 9540 =2000+(290*26) Insurance 3900 Miscellaneous 958 =540+(290*1.44) Total expense 63788 Net operating income 60912

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