Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($430.00q) Expenses: Wages and salaries ($12,000 +$124.009) Supplies ($5.00q) Equipment rental ($2,000 + $25.00q) Insurance ($4,100) Miscellaneous ($520 + $1.48q) Total expense Net operating income 350 $ 150,500 55,400 1,750 10,750 4,100 1,038 73,038 $ 77,462 During May, the company's actual activity was 340 diving-hours.
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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- Budgeted diving-hours (q) Revenue ($400.00q) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($11,300 + $126.00g) Supplies ($3.00q) Equipment rental ($2,100 + $21.009) Insurance ($4,200) Miscellaneous ($510+ $1.50q) Total expenses Net operating income Revenue Expenses: Puget Sound Divers Flexible Budget For the Month Ended May 31 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. Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expenses Net operating income 250 $ 100,000 42,800 750 7,350 4,200 885 55,985 $ 44,015Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($470.009) Expenses: Wages and salaries ($11,800 + $124.009) Supplies ($4.009) Equipment rental ($2,200 + $26.009) Insurance ($4,000) Miscellaneous ($540 + $1.469) Total expense Net operating income 300 $ 141,000 49,000 1,200 10,000 4,000 978 65,178 $ 75,822 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.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0es w Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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 ($390.00q) Expenses: Wages and salaries ($11,200 + $126.00q) Supplies ($4.00q) Equipment rental ($2,300 + $22.00q) Insurance ($4,200) Miscellaneous ($500+ $1.46q) Total expense Net operating income During May, the company's actual activity was 340 diving-hours. 350 $ 136,500 Puget Sound Divers Flexible Budget For the Month Ended May 31
- 8 eBook Hint References Budgeted diving-hours (9) Revenue ($390.000) Expenses! Hages and salaries ($11,300+ $126.00g) Supplies ($5.00g) Equipment rental ($2,100 $22.00g) Insurance ($3,900) Planning Budget for the Month Ended May 311 Revenue Expenses Puget Sound Divers Flexible Budget For the Month Ended May 31 Miscellaneous ($520+ $1.449) Total expense 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. Wages and salaries Supplies Equipment rental insurance Miscellaneous 350 $ 136,500 Total expense Net operating income 55,400 1,750 9,500 3,900 1,024 71,874205 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+$124.00q) Supplies ($4.00q) Equipment rental ($2,300+$23.00q) Insurance ($3 ,800) Miscellaneous ($500+$1.48q) 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.) Puget Sound Divers Planning Budget For the Month Ended May 31 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 (q) Revenue ($470.00g) Expenses: Wages and salaries ($11,500+ $124.80g) Supplies ($4.00g)…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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 400 Revenue ($460.00q) $ 184,000 Expenses: Wages and salaries ($11,200 + $128.00q) 62,400 Supplies ($5.00q) 2,000 Equipment rental ($2,300 + $21.00q) 10,700 Insurance ($4,100) 4,100 Miscellaneous ($520 + $1.50q) 1,120 Total expense 80,320 Net operating income $ 103,680 During May, the company’s actual activity was 390 diving-hours. DO NOT GIVE SOLUTION IN IMAGE FORMAT Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)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 Budgeted diving-hours (q) Revenue ($450.00q) Expenses: Wages and salaries ($11,600 + $124.009) Supplies ($3.009) For the Month Ended May 31 350 $ 157,500 55,000 1,050 10,150 4,000 1,065 71,265 $ 86,235 Equipment rental ($2,100 + $23.00q) Insurance ($4,000) Miscellaneous ($540 + $1.50q) 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 0 0Puget 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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 250 Revenue ($470.00q) $ 117,500 Expenses: Wages and salaries ($11,200 + $124.00q) 42,200 Supplies ($5.00q) 1,250 Equipment rental ($2,400 + $24.00q) 8,400 Insurance ($4,100) 4,100 Miscellaneous ($510 + $1.48q) 880 Total expense 56,830 Net operating income $ 60,670 During May, the company’s actual activity was 240 diving-hours. Required: Prepare a flexible budget for May.
- 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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 400 Revenue ($420.00q) $ 168,000 Expenses: Wages and salaries ($11,500 + $122.00q) 60,300 Supplies ($5.00q) 2,000 Equipment rental ($2,300 + $21.00q) 10,700 Insurance ($4,000) 4,000 Miscellaneous ($540 + $1.46q) 1,124 Total expense 78,124 Net operating income $ 89,876 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 number.)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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 350 Revenue ($450.00q) $ 157,500 Expenses: Wages and salaries ($11,400 + $126.00q) 55,500 Supplies ($6.00q) 2,100 Equipment rental ($2,100 + $21.00q) 9,450 Insurance ($4,100) 4,100 Miscellaneous ($520 + $1.42q) 1,017 Total expense 72,167 Net operating income $ 85,333 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…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 DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 300 Revenue ($460.00q) $ 138,000 Expenses: Wages and salaries ($11,600 + $120.00q) 47,600 Supplies ($4.00q) 1,200 Equipment rental ($2,200 + $21.00q) 8,500 Insurance ($4,000) 4,000 Miscellaneous ($510 + $1.48q) 954 Total expense 62,254 Net operating income $ 75,746 During May, the company’s actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. ( 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