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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
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: 250 $ 112,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($450.009) Expenses: Wages and salaries ($11,800 + $122.00q) Supplies ($6.009) Equipment rental ($2,300 + $ 21.00q) Insurance ($4,100) Miscellaneous ($530 + $ 1.449) Total expense Net operating income 42,300 1,500 7,550 4,100 890 56,340 $ 56,160 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 Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0
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