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 es Budgeted diving-hours (q) Revenue ($390.00g) Expenses: Wages and salaries ($11,800 +$128.00g) Supplies (56.00g) Equipment rental ($2,300 +$24.00g) Insurance ($4,000) Miscellaneous ($510 +$1.44q) Total expense Net operating income 200 $ 78,000 37,400 1,200 7,100 4,000 798 50,498 $ 27,502 During May, the company's actual activity was 190 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 i Insurance. Miscellaneous Total expense 0 Net operating income. $ 0 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 es Budgeted diving-hours (q) Revenue ($390.00g) Expenses: Wages and salaries ($11,800 +$128.00g) Supplies (56.00g) Equipment rental ($2,300 +$24.00g) Insurance ($4,000) Miscellaneous ($510 +$1.44q) Total expense Net operating income 200 $ 78,000 37,400 1,200 7,100 4,000 798 50,498 $ 27,502 During May, the company's actual activity was 190 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 i Insurance. Miscellaneous Total expense 0 Net operating income. $ 0
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