Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($440.00q) Expenses: Wages and salaries ($12,000+ $126.00g) Supplies ($4.00g) Equipment rental ($2,100+ $23.00g) Insurance ($4,000) Miscellaneous (5530+ $1.44Q) 400 $ 176,000 62,400 1,600 11,300 4,000 1,106 80,406 $ 95,594 Total expenses Net operating income During May, the company's actual activity was 390 diving-hours.
Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($440.00q) Expenses: Wages and salaries ($12,000+ $126.00g) Supplies ($4.00g) Equipment rental ($2,100+ $23.00g) Insurance ($4,000) Miscellaneous (5530+ $1.44Q) 400 $ 176,000 62,400 1,600 11,300 4,000 1,106 80,406 $ 95,594 Total expenses Net operating income During May, the company's actual activity was 390 diving-hours.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Do not give answer in image
![Required:
Prepare a flexible budget for May.
Note: Round your answers to the nearest whole number.
Revenue
Expenses:
Puget Sound Divers
Flexible Budget
For the Month Ended May 31
Wages and salaries
Supplies
Equipment rental
Insurance
Miscellaneous
Total expenses
Net operating income
$
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02615f01-1c6d-46c3-ace4-4cb37951da63%2F84666ca4-ca0d-4933-8874-2819926649fd%2Fvz1uvjg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required:
Prepare a flexible budget for May.
Note: Round your answers to the nearest whole number.
Revenue
Expenses:
Puget Sound Divers
Flexible Budget
For the Month Ended May 31
Wages and salaries
Supplies
Equipment rental
Insurance
Miscellaneous
Total expenses
Net operating income
$
0
0
![Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May
appears below:
Puget Sound Divers
Planning Budget
For the Month Ended May 31
Budgeted diving-hours (q)
Revenue ($440.00q)
Expenses:
Wages and salaries ($12,000+ $126.00g)
($2,100+ $23.00q)
Supplies ($4.00g)
Equipment rental
Insurance ($4,000)
400
$ 176,000
62,400
1,600
11,300
4,000
1,106
80,406
$ 95,594
Miscellaneous (5530+ $1.44g)
Total expenses
Net operating income i
During May, the company's actual activity was 390 diving-hours.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02615f01-1c6d-46c3-ace4-4cb37951da63%2F84666ca4-ca0d-4933-8874-2819926649fd%2Favteugs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May
appears below:
Puget Sound Divers
Planning Budget
For the Month Ended May 31
Budgeted diving-hours (q)
Revenue ($440.00q)
Expenses:
Wages and salaries ($12,000+ $126.00g)
($2,100+ $23.00q)
Supplies ($4.00g)
Equipment rental
Insurance ($4,000)
400
$ 176,000
62,400
1,600
11,300
4,000
1,106
80,406
$ 95,594
Miscellaneous (5530+ $1.44g)
Total expenses
Net operating income i
During May, the company's actual activity was 390 diving-hours.
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