Exercise 9-1 (Algo) make a Flexible Budget [LO9-1]

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 ($410.000) $102,500

Expenses:

Wages and salaries ($11,100 + $124.00q 42,100

Supplies ($4.00q) 1,000

Equipment rental ($2,200 + $22.00q) 7,700

Insurance ($4,100) 4.100

Miscellaneous ($500 + $1.44q) 860

Total expenses 55,760

Net operating income 46,740

During May, the company's actual activity was 240 diving-hours.

Required:

make a flexible budget for May.(Round your answers to the nearest whole number.)

pugent sound driver

Flexible Budget

For the month Ended may 31

-------------------------------- ------------------------------

------------------------------- ---------------------------------

Revenue ---------------------------------

Expenses ---------------------------------

Wages and salaries ---------------------------------

Supplies ---------------------------------

Equipment rental ---------------------------------

Insurance ---------------------------------

Miscellaneous ---------------------------------

Total Expense ---------------------------------

Net Operating Income ---------------------------------

Total Expenses is 0 and Net Operating Income is $ 0