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) | 300 | |
Revenue ($390.00q) | $ | 117,000 |
Expenses: | ||
Wages and salaries ($11,800 + $122.00q) | 48,400 | |
Supplies ($6.00q) | 1,800 | |
Equipment rental ($2,400 + $22.00q) | 9,000 | |
Insurance ($3,900) | 3,900 | |
Miscellaneous ($540 + $1.42q) | 966 | |
Total expense | 64,066 | |
Net operating income | $ | 52,934 |
During May, the company’s actual activity was 290 diving-hours.
Required:
Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
Puget Sound Divers Flexible Budget |
||
Budgeted diving-hours (q) | 290 | |
Revenue ($390.00q) | $ | 113100 |
Expenses: | ||
Wages and salaries ($11,800 + $122.00q) | 47180 | |
Supplies ($6.00q) | 1740 | |
Equipment rental ($2,400 + $22.00q) | 8780 | |
Insurance ($3,900) | 3900 | |
Miscellaneous ($540 + $1.42q) | 952 | |
Total expense | 62552 | |
Net operating income | $ | 50548 |
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget So...
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)
300
Revenue
($420.00q)
$
126,000
Expenses:
Wages and
salaries ($11,400 + $122.00q)
48,000
Supplies
($6.00q)
1,800
Equipment rental
($2,100 + $24.00q)
9,300
Insurance
($4,100)
4,100
Miscellaneous
($540 + $1.48q)
984
Total
expense
64,184
Net operating
income...
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) 300 Revenue ($470.00q) $ 141,000 Expenses: Wages and salaries ($11,800 + $122.00q) 48,400 Supplies ($5.00q) 1,500 Equipment rental ($2,300 + $21.00q) 8,600 Insurance ($4,000) 4,000 Miscellaneous ($520 + $1.46q) 958 Total expense 63,458 Net operating income...
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) 300 Revenue ($450.00q) $ 135,000 Expenses: Wages and salaries ($11,200 + $124.00q) 48,400 Supplies ($6.00q) 1,800 Equipment rental ($2,200 + $24.00q) 9,400 Insurance ($3,800) 3,800 Miscellaneous ($530 + $1.44q) 962 Total expense 64,362 Net operating income...
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) 300 Revenue ($480.00g) $144,000 Expenses: Wages and salaries ($11,300 + $122.00q) Supplies ($6.00g) Equipment rental ($2,500 + $26.00g) Insurance ($3,900) Miscellaneous ($500 + $1.46q) Total expense 47,900 1,800 10,300 3,900 938 64,838 $ 79,162 Net operating...
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) 200 Revenue ($430.00q) $ 86,000 Expenses: Wages and salaries ($11,300 + $122.00q) 35,700 Supplies ($4.00q) 800 Equipment rental ($2,100 + $24.00q) 6,900 Insurance ($3,900) 3,900 Miscellaneous ($500 + $1.48q) 796 Total expense 48,096 Net operating income...
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 (a) 300 $ 114,000 Revenue ($380.009) Expenses: Wages and salaries ($11,200 + $122.009) Supplies ($6.009) Equipment rental ($2,400 + $21.009) Insurance ($3,900) Miscellaneous ($510 + $1.429) Total expense Net operating income 47,800 1,800 8,700 3,900 936 63,136...
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 (g) 300 $ 138,000 Revenue ($460.00) Expenses! Wages and salaries ($11,100 + $128.00g) Supplies ($5.009) Equipment rental ($2,200 + $23.00) Insurance ($3,900) Miscellaneous ($540 + $1.489) Total expense Net operating income 49,500 1,500 9.100 3.900 984 64.984...
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) 250 Revenue ($460.00q) $115,000 Expenses: Wages and salaries ($11,800 $120.00g) Supplies ($5.00q) Equipment rental ($2,100 $21.00g) Insurance ($3,900) Miscellaneous ($540 + $1.46q) Total expense 41,800 1,250 7,350 3,900 905 55,205 59,795 Net operating income During May,...
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) 200 Revenue ($410.00q) Expenses: 82,000 Wages and salaries ($11,100 + $122.00q) Supplies ($6.00q) Equipment rental ($2,000 $20.00q) Insurance ($4,000) Miscellaneous ($510 + $1.48q) 35,500 1,200 6,000 4,000 806 47,506 $ 34,494 Total expense Net operating income...
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...