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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
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) 250 Revenue ($390.00g) $97,500 Expenses: Wages and salaries ($11,200 + $120.00g) 41,200 Supplies ($4.00g) Equipment rental ($2,200 +$21.00g) Insurance ($3,800) Miscellaneous ($500 +$1.44g) Total expense Net operating income 1,000 7,450 3,800 860 54,310 $ 43,190 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
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