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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

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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) 250 $105,000 Revenue ($420.009) Expenses: Wages and salaries ($11,000 + $126.009) Supplies ($5.009) Equipment rental ($2,300 + $22.009) Insurance ($3,900) Miscellaneous ($500 + $1.429) Total expense Net operating income 42,500 1,250 7,800 3,900 855 56,305 $ 48,695 During May, the company's actual activity was 240 diving-hours. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0

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