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es Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The
es 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) 250 Revenue ($420.00g) $105,000 Expenses: Wages and salaries ($11,500 + $122.00g) 42,000 Supplies ($4.00g) 1,000 7,700 4,200 885 55,785 $49,215 Equipment rental ($2,200 $22.00g) Insurance ($4,200) Miscellaneous (5530 +$1.42q) Total expense Net operating income During May, the company's actual activity was 240 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 i Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0
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