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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 (g) 350 $150,500 Revenue ($430.00) Expenses: Wages and salaries ($11,100 + $122.00g) Supplies ($3.009) Equipment rental ($2,200 + $ 21.009) Insurance ($4,000) Miscellaneous ($500 + $1.50) Total expense Net operating income 53,800 1,050 9,550 4,000 1,025 69,425 $ 81,075 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue | Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous L Total expense Net operating income $ 0 0
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