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) | 350 | |
| Revenue ($430.00q) | $ | 150,500 |
| Expenses: | ||
| Wages and salaries ($11,800 + $122.00q) | 54,500 | |
| Supplies ($5.00q) | 1,750 | |
| Equipment rental ($2,300 + $23.00q) | 10,350 | |
| Insurance ($3,900) | 3,900 | |
| Miscellaneous ($540 + $1.48q) | 1,058 | |
| Total expense | 71,558 | |
| Net operating income | $ | 78,942 |
During May, the company’s actual activity was 340 diving-hours.
Answer-
| Puget Sound drivers | ||
| Flexible Budget | ||
| For the month of Ended May 31 | ||
| Particulars | Amount | |
| $ | ||
| Revenue (a) | 340 diving hours*$430 per hour | 146200 |
| Expenses:- | ||
| Wages & Salaries | (340 diving hours*$122 per hour)+$11800 | 53280 |
| Supplies | 340 diving hours*$5 per hour | 1700 |
| Equipment rental | (340 diving hours*$23 per hour)+2300 | 10120 |
| Insurance | 3900 | |
| Miscellaneous | (340 diving hours*$1.48 per hour)+540 | 1043 |
| Total expenses (b) | 70043 | |
| Net Operating income (c=a-b) | 76157 | |
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to...
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) 350 Revenue ($430.00q) $ 150,500 Expenses: Wages and salaries ($11,400 + $130.00q) 56,900 Supplies ($5.00q) 1,750 Equipment rental ($2,300 + $21.00q) 9,650 Insurance ($3,800) 3,800 Miscellaneous ($520 + $1.48q) 1,038 Total expense 73,138 Net operating income...
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) 350 Revenue ($400.00q) $ 140,000 Expenses: Wages and salaries ($11,700 + $124.00q) 55,100 Supplies ($5.00q) 1,750 Equipment rental ($2,100 + $24.00q) 10,500 Insurance ($3,800) 3,800 Miscellaneous ($540 + $1.48q) 1,058 Total expense 72,208 Net operating income...
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) 300 Revenue ($430.00q) $ 129,000 Expenses: Wages and salaries ($11,500 + $128.00q) 49,900 Supplies ($4.00q) 1,200 Equipment rental ($2,200 + $23.00q) 9,100 Insurance ($3,900) 3,900 Miscellaneous ($510 + $1.48q) 954 Total expense 65,054 Net operating income...
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) 350 Revenue ($480.00q) $ 168,000 Expenses: Wages and salaries ($11,100 + $124.00q) 54,500 Supplies ($5.00q) 1,750 Equipment rental ($2,300 + $24.00q) 10,700 Insurance ($3,800) 3,800 Miscellaneous ($530 + $1.48q) 1,048 Total expense 71,798 Net operating income...
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) 200 Revenue ($430.00q) $ 86,000 Expenses: Wages and salaries ($11,300 + $122.00q) 35,700 Supplies ($4.00q) 800 Equipment rental ($2,100 + $24.00q) 6,900 Insurance ($3,900) 3,900 Miscellaneous ($500 + $1.48q) 796 Total expense 48,096 Net operating income...
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) 350 Revenue ($450.00q) $ 157,500 Expenses: Wages and salaries ($11,800 + $130.00q) 57,300 Supplies ($5.00q) 1,750 Equipment rental ($2,200 + $21.00q) 9,550 Insurance ($3,900) 3,900 Miscellaneous ($530 + $1.44q) 1,034 Total expense 73,534 Net operating income...
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) 350 Revenue ($390.00q) $ 136,500 Expenses: Wages and salaries ($11,600 + $126.00q) 55,700 Supplies ($5.00q) 1,750 Equipment rental ($2,000 + $23.00q) 10,050 Insurance ($4,200) 4,200 Miscellaneous ($520 + $1.46q) 1,031 Total expense 72,731 Net operating income...
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 ($470.00q) $ 117,500 Expenses: Wages and salaries ($11,800 + $122.00q) 42,300 Supplies ($3.00q) 750 Equipment rental ($2,000 + $22.00q) 7,500 Insurance ($4,100) 4,100 Miscellaneous ($500 + $1.48q) 870 Total expense 55,520 Net operating...
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) 300 Revenue ($390.00q) $ 117,000 Expenses: Wages and salaries ($11,800 + $122.00q) 48,400 Supplies ($6.00q) 1,800 Equipment rental ($2,400 + $22.00q) 9,000 Insurance ($3,900) 3,900 Miscellaneous ($540 + $1.42q) 966 Total expense 64,066 Net operating income...
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) 350 Revenue ($420.00q) $ 147,000 Expenses: Wages and salaries ($11,700 + $128.00q) 56,500 Supplies ($5.00q) 1,750 Equipment rental ($2,400 + $24.00q) 10,800 Insurance ($3,800) 3,800 Miscellaneous ($510 + $1.46q) 1,021 Total expense 73,871 Net operating income...