CH 9, 1
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:
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 number.)
Ch 9 1 Puget Sound Divers Is A Company That Provides Diving Services Such As Underwater Ship Repairs To Clients In The 1 (30.55 KiB) Viewed 13 times
250 $ 115,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($460.009) Expenses: Wages and salaries ($11,000 + $122.009) Supplies ($5.009) Equipment rental ($2,100 + $25.009) Insurance ($4,100) Miscellaneous ($540 + $1.489) Total expense Net operating income 41,500 1,250 8,350 4,100 910 56, 110 $ 58,890 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 0 0
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