Reference no: EM132509909
Question - Gator Divers is a company that provides diving services The Company's planning budget for March reports the following.
Budgeted diving-hours (q) 250
Revenue ($470q) $117,500
Expenses:
Wages & salaries ($11,300 + $126q) $42,800
Supplies ($4q) $1,000
Equipment rental ($2,200 + $25q) $8,450
Insurance ($4,200) $4,200
Misc. ($550 + $1.46q) $915
Total expense $57,365
Net operating income $60,135
During March, the company's activity was actually 240 diving-hours.
Q1. In the flexible budget, what is the amount of wages & salaries?
1. $42,800
2. $11,300
3. $41,540
4. $30,240
Q2. In the flexible budget, what is the amount of supplies?
1. $960
2. $1,000
3. $1,880
4. $1,960
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