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) Revenue ($470.00q) Expenses: Wages and salaries ($11,500+ $130.00q) Supplies ($5.00g) Equipment rental ($2,300 $25.00g) Insurance ($3,900) Miscellaneous ($530+ $1.46q) Total expense Net operating income During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 350 $164,500 57,000 1,750 11,050 3,900 1,041 74,741 $ 89,759

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) Revenue ($470.00q) Expenses: Wages and salaries ($11,500+ $130.00q) Supplies ($5.00g) Equipment rental ($2,300 $25.00g) Insurance ($3,900) Miscellaneous ($530+ $1.46q) Total expense Net operating income During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 350 $164,500 57,000 1,750 11,050 3,900 1,041 74,741 $ 89,759

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 ($460.00q) Expenses: Wages and salaries ($11,200 +$126.00q) Supplies ($5.00q) Equipment rental ($2,400 + $20.00q) Insurance ($4,000) Miscellaneous ($540 + $1.50q) Total expenses Net operating income. 250 $ 115,000 42,700 1,250 7,400 4,000 915 56,265 $ 58,735 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number.
es Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Budgeted diving-hours (q) Revenue ($470.00q) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($11,400 + $126.00g) Supplies ($3.00q) Equipment rental ($2,100 + $23.00q) Insurance ($4,000) Miscellaneous ($530+ $1.42q) Total expenses Net operating income Revenue Expenses During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. Puget Sound Divers Flexible Budget For the Month Ended May 31 Wages and salaries Supplies Equipment rental Insurance Miscellaneous 400 $ 188,000 61,800 1,200 11,300 4,000 1,098 79,398 TEFAL $ 108,602
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) Revenue ($365.00q) Expenses: Wages and salaries ($8,000 + $125.00q) Supplies ($3.00q) Equipment rental ($1,800 + $32.00g) Insurance ($3,400) Miscellaneous ($630+ $1.80q) Total expense Net operating income Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. 100 $ 36,500 Wages and salaries Supplies Equipment rental Insurance Miscellaneous 20,500 300 5,000 3,400 810 30,010 $ 6,490
Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Budgeted diving-hours (9) Revenue ($460.009) Puget Sound Divers Planning Budget For the Month Ended May 31 Revenue Expenses: Expenses: Wages and salaries ($11,100+ $124.009) Supplies ($4.009) Equipment rental ($2,000+ $21.009) Insurance ($4,100) Miscellaneous ($540+ $1.469) Total expenses Net operating income During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. Puget Sound Divers Flexible Budget For the Month Ended May 31 Wages and salaries Supplies Equipment rental Insurance Miscellaneous 350 $ 161,000 54,500 1,400 9,350 4,100 1,051 70,401 $ 90,599
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 (a) Revenue ($450.00g) Expenses: Wages and salaries (511,500+ $122.00g) Supplies ($6.00g) Equipment rental ($2,100 $21.000) Insurance ($4,200) Miscellaneous (5500 $1.48g) Total expenses Net operating income Revenue Expenses: Puget Sound Divers Flexible Budget For the Month Ended May 31 300 $ 135,000 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May Note: Round your answers to the nearest whole number. Wages and salaries Supplies Equipment rental 48,100 1,800 5,400 4,200 944 63,444 $ 71,556
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 ($480.009) Expenses: Wages and salaries ($11,500 + $122.009) Supplies ($5.009) Equipment rental ($2,400 + $22.009) Insurance ($4,100) Miscellaneous ($520 + $1.469) Total expenses Net operating income 300 $ 144,000 48,100 1,500 9,000 4,100 958 63,658 $ 80,342 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expenses 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) Revenue ($430.00q) Expenses: Wages and salaries ($11,300 + $122.00g) Supplies ($5.00g) Equipment rental ($2,100 + $25.00q) Insurance ( $3,900) Miscellaneous ($520 + $1.46q) Total expense 200 $ 86,000 35,700 1,000 7,100 3,900 812 48,512 $ 37,488 Net operating income During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 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) Revenue ($460.00q) Expenses: Wages and salaries ($11,700 + $122.009) Supplies ($4.009) Equipment rental ($2,500 + $23.00q) Insurance ($4,100) Miscellaneous ($510 + $1.44q) Total expense Net operating income 400 $ 184,000 60,500 1,600 11,700 4,100 1,086 78,986 $ 105,014 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0
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: Budgeted diving-hours (g) Revenue ($365.00g) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($8,000+ $125.00g) Supplies ($3.00g) Equipment rental ($1,800+ $32.00g) Insurance ($3,400) Miscellaneous ($630+ $1.80g) Total expense Net operating income. Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ $ 105✔ 38,325 21,125 315✓ 5,250 x 3,400 819 100 $ 36,500 30,909 7,416 20,500 300 5,000 3,400 810 30,010 $ 6,490
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) Revenue ($480.00g) Expensen: Wages and salaries ($11,500+ $128.00g) Supplies ($3.00g) Equipment rental ($2,300 $23.00g) Insurance ($3,800) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue. Expenses: Miscellaneous ($540+ $1.42g) Total expense Net operating income During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income. 350 $ 168,000 $ 56,300 1,050 10,350 0 0 3,800 1,037 72,537 $ 95,463
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: Budgeted diving-hours (9) Revenue ($460.00q) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($12,000 + $126.00q) Supplies ($4.00g) Equipment rental ($2,000+ $22.00q) Insurance ($3,900) Miscellaneous ($550 + $1.44g) Total expense Net operating income During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 350 $ 161,000 0 0 56,100 1,400 9,700 3,900 1,054 72,154 $ 88,846
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) Revenue ($410.00g) Expenses: Wages and salaries ($11,100 + $122.00g) Supplies ($4.00g) Equipment rental ($2,300 + $22.00g) Insurance ($3,800) Miscellaneous ($520 + $1.48g) Total expense 350 $ 143,500 53,800 1,400 10,000 3,800 1,038 70,038 $ 73,462 Net operating income During May, the company's actual activity was 340 diving-hours.