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 Hay 31 Budgeted diving-hours (e) 300 Revenue ($380.e0) Expenses wages and salaries ($11,700 $122.00g) Supplies ($5.0a) Equipnent rental ($2,400 + $22.009) Insurance ($4,100) Miscellaneous ($530. $1.500) Total expense $114, 000 48, 300 1,s00 9,000 4,100 980 63, 880 $ 30,120 Net operating incone During May, the company's actual activity was 290 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 Hay 31 Budgeted diving-hours (e) 300 Revenue ($380.e0) Expenses wages and salaries ($11,700 $122.00g) Supplies ($5.0a) Equipnent rental ($2,400 + $22.009) Insurance ($4,100) Miscellaneous ($530. $1.500) Total expense $114, 000 48, 300 1,s00 9,000 4,100 980 63, 880 $ 30,120 Net operating incone During May, the company's actual activity was 290 diving-hours

Name: Prepare a flexible budget for May. (Round your answers to the nearest
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Description: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)Puget Sound DiversFlexible BudgetFor the Month Ended May 31RevenueExpenses:Wages and salariesSuppliesEquipment rentalInsuranceMiscellaneousTotal expenseNet operating

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.6E: Professional labor cost budget Based on the data in Exercise 13-5 and assuming that the average...

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Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clientsin the Puget Sound area. The company’s planning budget for May appears below:Puget Sound DiversPlanning BudgetFor the Month Ended May 31Budgeted diving-hours (q) ........................................... 100Revenue ($365.00q) .................................................... $36,500Expenses:Wages and salaries ($8,000 $125.00q) ............... 20,500Supplies ($3.00q) ..................................................... 300Equipment rental ($1,800 $32.00q) ..................... 5,000Insurance ($3,400) ................................................... 3,400Miscellaneous ($630 $1.80q) ............................... 810Total expense .............................................................. 30,010Net operating income .................................................. $ 6,490Required:During May, the company’s activity was actually 105 diving-hours. Prepare a flexible budget…
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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 250 Revenue ($390.00q) $ 97,500 Expenses: Wages and salaries ($11,900 + $126.00q) 43,400 Supplies ($5.00q) 1,250 Equipment rental ($2,200 + $21.00q) 7,450 Insurance ($4,000) 4,000 Miscellaneous ($500 + $1.48q) 870 Total expense 56,970 Net operating income $ 40,530 During May, the company’s actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)
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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 250 Revenue ($410.00q) $ 102,500 Expenses: Wages and salaries ($11,100 + $124.00q) 42,100 Supplies ($6.00q) 1,500 Equipment rental ($2,500 + $23.00q) 8,250 Insurance ($4,000) 4,000 Miscellaneous ($520 + $1.44q) 880 Total expense 56,730 Net operating income $ 45,770 During May, the company’s actual activity was 240 diving-hours. Required: Prepare a flexible budget for 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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 400 Revenue ($460.00q) $ 184,000 Expenses: Wages and salaries ($11,200 + $128.00q) 62,400 Supplies ($5.00q) 2,000 Equipment rental ($2,300 + $21.00q) 10,700 Insurance ($4,100) 4,100 Miscellaneous ($520 + $1.50q) 1,120 Total expense 80,320 Net operating income $ 103,680 During May, the company’s actual activity was 390 diving-hours. DO NOT GIVE SOLUTION IN IMAGE FORMAT Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 300 Revenue ($460.00q) $ 138,000 Expenses: Wages and salaries ($11,600 + $120.00q) 47,600 Supplies ($4.00q) 1,200 Equipment rental ($2,200 + $21.00q) 8,500 Insurance ($4,000) 4,000 Miscellaneous ($510 + $1.48q) 954 Total expense 62,254 Net operating income $ 75,746 During May, the company’s actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. ( Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income