Puget Sound Divers is a company that provides diving services such as underwater ship repairs to...
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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 budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($480.009) Expenses: Wages and salaries ($11,500 + $130.009) Supplies ($4.009) Equipment rental ($2,000+ $23.009) Insurance ($4,200) Miscellaneous ($510 + $1.489) Total expense Net operating income 200 $ 96,000 37,500 800 6,600 4,200 806 49,906 $ 46,094 During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. Note: 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 Net operating income 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 (9) Revenue ($480.009) Expenses: Wages and salaries ($11,500 + $130.009) Supplies ($4.009) Equipment rental ($2,000+ $23.009) Insurance ($4,200) Miscellaneous ($510 + $1.489) Total expense Net operating income 200 $ 96,000 37,500 800 6,600 4,200 806 49,906 $ 46,094 During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. Note: 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 Net operating income
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