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Rama09 [41]
3 years ago
14

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 (g) 300 Revenue ($480.00g) Expenses: $144,000 salaries(s11,700 $126.00g) Wages and Supplies ($5.00g) Equipment rental ($2,000 $22.00g) Insurance ($3,900) Miscellaneous ($520 + $1.48g) 49,500 1,500 8,600 3,900 964 64,464 $79,536 Total expense Net operating income During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
Business
1 answer:
Sauron [17]3 years ago
3 0

Answer:

See below.

Explanation:

Lets summarize the information first,

Revenue = 480/hour

Salaries = 11700 + 126/ hour

Supplies = 5/hour

Equipment Rental = 2000 + 22/ hour

Insurance = 3900

Miscellaneous = 520 + 1.48/hour

Now we flex these standard costs to to activity level of 290 diving hours,

Revenue  (480 * 290)                                          139,200

Less:

Salaries and wages (11,700 + 126*290)              48,240

Supplies (5 * 290)                                                1,450

Equipment rental (2000 + 22*290)                     8,380

Insurance                                                              3,900

Miscellaneous (520+ 1.48*290)                           949.2

Budgeted profits                                                  $76,280.8

Hope that helps.

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