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) 400 Revenue ($390.00q) $156,000 Expenses: Wages and salaries ($11,300 + $124.009) 60,900 Supplies ($5.00q) 2,000 Equipment rental ($2,400 + $21.00q) Insurance ($3,800) Miscellaneous ($540 +$1.50q) Total expense Net operating income 10,800 3,800 1,140 78,640 $ 77,360 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 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) 400 Revenue ($390.00q) $156,000 Expenses: Wages and salaries ($11,300 + $124.009) 60,900 Supplies ($5.00q) 2,000 Equipment rental ($2,400 + $21.00q) Insurance ($3,800) Miscellaneous ($540 +$1.50q) Total expense Net operating income 10,800 3,800 1,140 78,640 $ 77,360 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
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