Puget Sound Divers is a company that provides diving services such as underwater ship repairs to...

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Puget Sound Divers is a company that provides diving services such as underwater ship repairs to...

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 (q)		350

Revenue ($450.00q)	$	157,500
Expenses:
Wages and salaries ($11,800 + $130.00q)		57,300
Supplies ($5.00q)		1,750
Equipment rental ($2,200 + $21.00q)		9,550
Insurance ($3,900)		3,900
Miscellaneous ($530 + $1.44q)		1,034
Total expense		73,534
Net operating income	$	83,966

During May, the company’s actual activity was 340 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

business accounting

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Answer 1

Answer #1

Paget und Divers Flexible Budget for the Merth Ended may 31 Revenue (S 450 x 34o) (53,00o Expensei 56,00D Sapples x340) 5% 93

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Answer 2

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