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 Budgeted diving-hours (q) 100 Revenue ($365.00q) $36,500 Expenses: Wages and salaries ($8,000 +$125.00q) 20,500 Supplies ($3.009) 300 5,000 3,400 810 30,010 $ 6,490 Equipment rental ($1,800 + $32.00q) Insurance ($3,400) Miscellaneous ($630 +$1.80q) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. 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 (q) 100 Revenue ($365.00q) $36,500 Expenses: Wages and salaries ($8,000 +$125.00q) 20,500 Supplies ($3.009) 300 5,000 3,400 810 30,010 $ 6,490 Equipment rental ($1,800 + $32.00q) Insurance ($3,400) Miscellaneous ($630 +$1.80q) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May.
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