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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 companys planning

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q) 300
Revenue ($400.00q) $ 120,000
Expenses:
Wages and salaries ($11,200 + $126.00q) 49,000
Supplies ($4.00q) 1,200
Equipment rental ($2,000 + $23.00q) 8,900
Insurance ($4,000) 4,000
Miscellaneous ($540 + $1.44q) 972
Total expense 64,072
Net operating income $ 55,928

During May, the companys actual activity was 290 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)

Revenue:

Expenses

wages and salaries:

supplies::

Equipment rental:

Insurance:

Miscellaneous:

Total expense:

Net Operating Income:

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