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Stella [2.4K]
2 years ago
15

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 ($470.00q) $ 141,000 Expenses: Wages and salaries ($11,800 + $126.00q) 49,600 Supplies ($5.00q) 1,500 Equipment rental ($2,400 + $24.00q) 9,600 Insurance ($3,800) 3,800 Miscellaneous ($500 + $1.50q) 950 Total expense 65,450 Net operating income $ 75,550 During May, the company’s actual activity was 290 diving-hours.
Required:
During May, the company’s activity was actually 240 diving-hours. Complete the following flexible budget for that level of activity.
Business
1 answer:
Ne4ueva [31]2 years ago
7 0

Explanation:

The preparation of  the following flexible budget for that level of activity is presented below:

                                     Puget Sound Divers

                                         Flexible Budget

                                For the Month Ended May 31

Sales revenue  $112,800              ($470 × 240 diving hours)

Less:

Wages and salaries $42,040        ($11,800 + $126.00 × 240 diving hours)

Supplies $1,200           (240 diving hours × $5)

Equipment rental $8,160            ($2,400 + $24 × 240 diving hours)

Insurance             $3,800

Miscellaneous     $860                 ($500 + $1.50 × 240 diving hours)

Total expenses  $56,060

Net operating income    $56,740

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Answer: D. When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization.

Explanation:

Mass casualty incident refers to a situation in which medical services are overwhelmed by the number of casualties.

From the options given, the false statement is that "When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization".

This is incorrect. In a mass casualty, a separate plan cannot be developed for an organization. All the casualties are entitled to same plan.

6 0
3 years ago
Under rent control, bribery is a potential mechanism to:________
Georgia [21]

Answer:

A). bring the total price of an apartment (including the bribe) closer to the equilibrium price.

Explanation:

Rent control can be regarded as a program set up by the government which control the limit of amount that can be demanded by landlords for leasing out a home as well as renewal of a lease. The law that govern rent control are been enacted by municipalities, and it's a way to make lower-income residents have an affordable living cost. It should be noted that Under rent control, bribery is a potential mechanism to bring the total price of an apartment (including the bribe) closer to the equilibrium price.

7 0
3 years ago
Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sight
natta225 [31]

Answer:

<u>$1,300</u>

Explanation:

Only the cost that are directly related to the business conference is to be deducted as Melissa's business tax. Sightseeing cost is therefore not part of her original plan. The business related cost are therefore;

  • <u>$400 for round-trip airfare to San Francisco</u>
  • <u>  $250 fee to register for the conference,</u>
  • <u>  $300 per night for three night’s lodging,</u>
  • <u>  $200 for meals, and</u>
  • <u>  $150 for cab fare.</u>

A summation of this cost would give $1,300 as the amount of the total costs that can Melissa deduct as business expenses.

5 0
3 years ago
Read 2 more answers
7.Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts.
lorasvet [3.4K]

Answer and Explanation:

Efficiency and equality:  

We have given the information that there are two areas one has many small school and another has few large schools. The area which has many small schools faces a large competition as there are large numbers of school in that area. In order to maintain equality and efficiency the voucher system should announced in the area which has few large schools. Introducing the voucher system in this few large school region help to maintain equality as there is less competition. Whereas the introduction of the voucher system in an area which has many large schools increases the inequality as there is high competition and this inequality also stimulated by the migration factor. So, these are the effects of voucher system in different areas.

6 0
2 years ago
fremont which uses the high-low method reported total cost of $10 per unit its lowest production level, 5000 units. when product
Gnesinka [82]

Answer:

$2.50

Explanation:

Calculation for the estimation of   variable cost per unit

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High method  15,000×$5  per units  =$75,000

(5,000*3)=15,000

Low  method  5,000*$10 per units=$50,000

Difference  10,000     $25,000  

Variable cost per unit =$25,000/10,000

Variable cost per unit=$2.50

Note: Based on the information given we were told that production tripled to its highest level which means the high method units will be 15,000 units (5,000 units*3)

Therefore Fremont would estimate its variable cost per unit as: $2.50

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