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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
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) 359 Revenue ($399.99q) $ 136,599 Expenses: Wages and salaries ($11,699 + $126.99q) 55,799 Supplies ($5.999) 1,?59 Equipment rental ($2,298 + $25.96q} 19,959 Insurance ($3,963) 3,999 Miscellaneous ($529 + $1.48q) 1,938 Total expense 73,338 Net operating income $ 63,162 During May, the company's actual activity was 340 divinghours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.} Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
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