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Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area. The company's planning budget
Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area. The company's planning budget for March appears below: 200 $76,000 Gator Divers Planning Budget For the Month Ended March 31 Budgeted driving-hours (9) Revenue ($380.009) Expenses: Wages and salaries ($12,000+ $130.000) Supplies ($5.009) Equipment rental ($2,500 + $26.009) Insurance ($4,200) Miscellaneous ($540 + $1.59) Total expense Net operating income 38,000 1,000 7,700 4,200 840 51,740 $24,260 During March, the company's activity was actually 190 diving-hours. Prepare a flexible budget for that level of activity
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