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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 (9) 400 $160,000 Revenue ($400.009) Expenses : Wages and salaries ($11,200 + $128.009) Supplies ($3.009) Equipment rental ($2,200 + $22.009) Insurance ($3,900) Miscellaneous ($510 + $1.469) Total expense Net operating income 62,400 1,200 11,000 3,900 1,094 79,594 $ 80,406 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31
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