1 Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area The companys planning budget for May appears below Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving hours ( q ) 250 Revenue ($460 00 q ) $ 115,000 Expenses Wages and salaries ($11,500 $122 00 q ) 42,000 Supplies ($3 00 q ) 750 Equipment rental ($2,100 $21 00 q ) 7,350 Insurance ($3,900) 3,900 Miscellaneous ($500 $1 48 q ) 870 Total expense 54,870 Net operating income $ 60,130 During May, the companys actual activity was 240 diving hours Required Prepare a flexible budget for May (Round your answers to the nearest whole dollar ) Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area The companys planning budget for May appears below Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving hours ( q ) 250 Revenue ($460 00 q ) $ 115,000 Expenses Wages and salaries ($11,500 $122 00 q ) 42,000 Supplies ($3 00 q ) 750 Equipment rental ($2,100 $21 00 q ) 7,350 Insurance ($3,900) 3,900 Miscellaneous ($500 $1 48 q ) 870 Total expense 54,870 Net operating income $ 60,130 During May, the companys actual activity was 240 diving hours Required Prepare a flexible budget for May (Round your answers to the nearest whole dollar ) revenue expenses wages and salaries supplies equipment rental insurance total expense net operating income 2 Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area The companys planning budget for May appears below Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving hours ( q ) 350 Revenue ($450 00 q ) $ 157,500 Expenses Wages and salaries ($11,500 $126 00 q ) 55,600 Supplies ($5 00 q ) 1,750 Equipment rental ($2,000 $24 00 q ) 10,400 Insurance ($3,800) 3,800 Miscellaneous ($540 $1 44 q ) 1,044 Total expense 72,594 Net operating income $ 84,906 During May, the companys actual activity was 340 diving hours Required Prepare a flexible budget for May (Round your answers to the nearest whole dollar )

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1.Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning

1.Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)	250
Revenue ($460.00q)	$ 115,000
Expenses:
Wages and salaries ($11,500 + $122.00q)	42,000
Supplies ($3.00q)	750
Equipment rental ($2,100 + $21.00q)	7,350
Insurance ($3,900)	3,900
Miscellaneous ($500 + $1.48q)	870
Total expense	54,870
Net operating income	$ 60,130

During May, the companys actual activity was 240 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)	250
Revenue ($460.00q)	$ 115,000
Expenses:
Wages and salaries ($11,500 + $122.00q)	42,000
Supplies ($3.00q)	750
Equipment rental ($2,100 + $21.00q)	7,350
Insurance ($3,900)	3,900
Miscellaneous ($500 + $1.48q)	870
Total expense	54,870
Net operating income	$ 60,130

During May, the companys actual activity was 240 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)

revenue:

expenses:

wages and salaries

supplies

equipment rental

insurance

total expense

net operating income

2.Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)	350
Revenue ($450.00q)	$ 157,500
Expenses:
Wages and salaries ($11,500 + $126.00q)	55,600
Supplies ($5.00q)	1,750
Equipment rental ($2,000 + $24.00q)	10,400
Insurance ($3,800)	3,800
Miscellaneous ($540 + $1.44q)	1,044
Total expense	72,594
Net operating income	$ 84,906