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Gator Divers is a company that provides divers services such as underwater ship repairs to clients in the Tampa Bay area. The company's planning budget for March appears below.
Gator DiversPlanning BudgetFor the Month Ended March 31
Budgeted diving-hours (q) . . . . . . . . . . . . . . . . . . . . . 200Revenue ($380.00q) . . . . . . . . . . . . . . . . . . . . . . . . . . $76,000Expenses:Wages and salaries ($12,000 + $130.00q) . . . . . . 38,000Supplies ($5.00q) . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000Equipment rental ($2,500 + $26.00q) . . . . . . . . . . 7,700Insurance ($4,200) . . . . . . . . . . . . . . . . . . . . . . . . . 4,200Miscellaneous ($540 + $1.50q) . . . . . . . . . . . . . . . 840Total expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,740Net operating income . . . . . . . . . . . . . . . . . . . . . . . . . $24,260
Required:
During March, the company's activity was actually 190 diving-hours. Prepare a flexible budget for that level of activity. unlikely that all costs are strictly variable. Some are likely to be fixed or mixed.
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