6. What is Adger's revenue Valnanco 7. What is Adger's employee salaries and wages spending variance for Maya 8. What is Adger's travel expenses spending variance for May? 9. What is Adger's other expenses spending variance for May? appet 11. What amount of employee salaries and wages would be included in Adger's planning budg 12. What amount of travel expenses would be included in Adger's planning budget for May? 10. What amount of revenue would be included in Adger's planning budget for May? for May? 13. What amount of other expenses would be included in Adger's planning budget for May? 14. What activity variance would Adger report in May with respect to its revenue? 15. What activity variances would Adger report with respect to each of its expenses? Exercises E connect Graw Hil caton ACCOUNTING All applicable exercises are available with McGraw-Hill's Connect® Accounting. Puget Sound Divers is a company that provides diving services such as underwater ship repairs EXERCISE 9-1 Prepare a Flexible Budget [LO9-1] Requ clients in the Puget Sound area. The company's planning budget for May appears below: 1. 2. Puget Sound Divers Planning Budget For the Month Ended May 31 EXE Qu SO Budgeted diving-hours (q) . . . 100 Revenue ($365.00q) $36,500 Expenses: Wages and salaries ($8,000 + $125.00q) .... Supplies ($3.00q) Equipment rental ($1,800 + $32.00q) Insurance ($3,400) .. Miscellaneous ($630 + $1.80q) . 20,500 300 5,000 3,400 810 Total expense 30,010 Net operating income $ 6,490 Required: During May, the company's activity was actually 105 diving-hours. Prepare a flexible budgt ia that level of activity.

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. …