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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: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 300 $120,000 Revenue ($400.00) Expenses: Wages and salaries ($11,600 + $126.00 g) Supplies ($6.00) Equipment rental ($2,200 + $23.009) Insurance ($3,900) Miscellaneous ($540 + $1.469) Total expense Net operating income 49,400 1,800 9, 100 3,900 978 65,178 $ 54,822 During May, the company's actual activity was 290 diving-hours. Required
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