Question

chaP 9 ALG 1

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 (9) 400 $ 188,000 Revenue ($470.009) Expenses: Wages and salaries ($11,500 + $122.009) Supplies ($6.009) Equipment rental ($2,100 + $25.000) Insurance ($4,000) Miscellaneous ($540 + $1.489) Total expense Net operating income 60,300 2,400 12,109 4,000 1,132 79,932 $ 108,068 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income

Answer 1

Solution 1:

ZR 기지 Puget Sound Drivers Flexible Budget For the month ended May 31 Actual Diving Hours 3901 $183,300 11 Revenue (390*$470) Expenses: Wages and Salaries ($11500 + 390*$122) Supplies (390*$6.00) Equipment Rental ($2100+ 390*$25) Insurance Miscellaneous ($540 + 390* $1.48) Total Expenses $59,080 $2,340 $11,850 $4,000 $1,117 $78,387 15 16 17 Net Operating Income $104,913 21 23 24 25 30 31 32 33 34 35 36 37 120 Sheet9 Sheet10 Sheet11 Sheet12 She

Solution 2:

TR SK Flight café Activity Variances For the month ended July 31 Flexible Budget (24000 Planning Budget meals) (23000 meals) $100,800.00 $96,600.00 Particulars Variances Fav. / Unfav. $4,200.00 F 11 12 13 Revenue Expenses: Raw Materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total Expenses $45,600.00 $11,000.00 $3,400.00 $3,500.00 $2,200.00 $3,200.00 $68,900.00 $43,700.00 $10,800.00 $3,350.00 $3,500.00 $2,200.00 $3,100.00 $66,650.00 $1,900.00 U $200.000 $50.000 $0.00 None $0.00 None $100.000 $2,250.00 U 18 Net Operating Income $31,900.00 $29,950.00 $1,950.00 F 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 40 42 46 48 49 50 -36 (26) Sheet595 (3) ) Sheet770 Sheet771 Sheet772