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) Revenue ($430 00g) Expenses Wages and salaries ($11,900 $126 00g) Supplies ($6 00g) Equipment rental ($2,400 $26 00g) Insurance ($3,800) Miscellaneous ($540 $1 44q) Total expense Net operating income 300 $129,000 49,700 1,800 10,200 3,800 972 66,472 $ 62,528 During May, the company's actual activity was 290 diving hours Required Prepare a flexible budget for May (Round your answers to the nearest whole dollar )

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

Posted Date: May 29, 2024 12:04 AM

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