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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 (q) Revenue ($440.00g) Expenses: Wages and salaries ($11,300 +$128.00g) Supplies ($6.00g) Equipment rental ($2,100 +$20.00g) Insurance ($4,000) Miscellaneous ($540 +$1.42q) Total expense Net operating income 250 $110,000 43,300 1,500 7,100 4,000 895 56,795 $ 53,205 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.) Puget Sound Divers Flexible Budget For the Month Ended May 31
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