Question

omework i Saved 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 (9) 100 $36,500 20,500 Revenue ($365.089) Expenses : Wages and salaries ($8,000 + $125.009) Supplies ($3.009) Equipment rental ($1,800 + $32.009) Insurance ($3,400) Miscellaneous ($630 + $1.809) Total expense Net operating income 5,000 3,400 810 30.010 5.490 $ During May, the company's actual activity was 105 diving hours, Required: Prepare a flexible budget for May. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue < Prex 16 of 18 !!! Next >

Answer 1

Answer
Flexible Budget
For the month Ended May 31
Particulars	Amount
Revenue =365*105	$                           38,325
Expenses:
Wages and Salaries =125*105+8000	$                           21,125
Supplies = 105*3	$                                315
Equipment Rental = 105 *32 +1800	$                             5,160
Insurance	$                             3,400
Miscellaneous = 630 + 1.80*105	$                                819
Total Expense	$                           30,819
Net Operating Income	$                             7,506

Please like