Managerial Accounting ACCT640
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
For the Month Ended May 31
|Budgeted diving-hours (q)||100|
|Wages and salaries ($8,000 + $125.00q)||20,500|
|Equipment rental ($1,800 + $32.00q)||5,000|
|Miscellaneous ($630 + $1.80q)||810|
|Net operating income||$||6,490|
During May, the company’s actual activity was 105 diving-hours.
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