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: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 200 $ 76,000 Revenue ($380.009) Expenses: Wages and salaries ($11,600 + $126.009) Supplies ($4.009) Equipment rental ($2,200 + $24.009) Insurance ($4,100) Miscellaneous ($530 + $1.449) Total expense Net operating income 36,800 800 7,000 4,100 818 49,518 $ 26,482 During May, the company's actual activity was 190 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 Revenueſ Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 0

Answer 1

Answery Elexible budget 190 $ 72,200 Actucu diving-hours (9) Revenue C 190x $380) Expenses: wages and saudgies ($11600 + (126 x 1901) $35,540 760 supplies ( 190 x $4) Equipment rental (2200 + (190x 20)) 6760 4100 Insurance 17 iscellaneous (530+(190x10443) 804 (6) Total Expense $4.7,964 Net operating Income (a-b) $ 24,236