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 ($380.00q) Expenses: Wages and salaries ($11,400 + $124.00q) Supplies ($6.00q) Equipment rental ($2,300 + $23.00q) Insurance ($3,900) Required: 300 $ 114,000 48,600 1,800 9,200 3,900 958 64,458 $ 49,542 Miscellaneous ($520+ $1.46q) Total expense Net operating income During May, the company's actual activity was 290 diving-hours. 4

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: During May, the company's actual activity was 290 diving-hours. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Puget Sound Divers } \\ \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline \multicolumn{2}{|c|}{ For the Month Ended May 31} \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Wages and salaries & \\ \hline Supplies & \\ \hline Equipment rental & \\ \hline Insurance & \\ \hline Miscellaneous & \\ \hline Total expense & $ \\ \hline Net operating income & 0 \\ \hline \end{tabular}