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 ($390.00q) Expenses: Wages and salaries ($11,800 + $124.00q) Supplies ($3.00g) Equipment rental ($2,200 + $21.00q) Insurance ($4,100) Miscellaneous ($510 + $1.42q) Total expense $97,500 42,800 750 7,450 4, 100 865 55,965 $41,535 Net operating income During May, the company's actual activity was 240 diving-hours.
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 ($390.00q) Expenses: Wages and salaries ($11,800 + $124.00q) Supplies ($3.00g) Equipment rental ($2,200 + $21.00q) Insurance ($4,100) Miscellaneous ($510 + $1.42q) Total expense $97,500 42,800 750 7,450 4, 100 865 55,965 $41,535 Net operating income During May, the company's actual activity was 240 diving-hours.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter24: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 1PA: GHT Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a...
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