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 (4) Joe $138.000 evenue (5450.000) Expenses Wages and salaries ($11,700+ $126.600) Supplies ($6.000) Equipment rental ($2,300 - $26.004) Insurance (54.600) Miscellaneous 5540 - $1.424) Total expense Tot operating con 49.500 1.See 10,100 4.ee 966 56.366 $ 71.634 During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number) Puget Sound Divers Flexible Budget For Month Ended May 31 |Revenue Expens Wages and Succes EL Total 11 Vulcan Flyovers offers scenic overflights of Mount St. Helene, the volcano in Washington State that explosively erupted in 1982. Data conceming the company's operations in July appear below. Wilcan Flyers Operating Data For the Month End July 21 Actual Flexible Planning Results Budget Budget Flights (9) 59 59 57 16,200 $ 20,658 $ 19,95 Revenue ($350.00) Expenses Wages and salaries (53,00 + $80.002) Fuel ($33.0) Airport fois ($850 + $33.00) Aircraft depreciation (59.080) Office expenses ($24. $1.680) Total expense Not operating income 8,213 3,251 8,073 2,111 1,947 1.881 2,662 2,797 2,731 531 513 467 202 22 13,084 13,825 13,495 $ 2.216 $5,825 $ 6,455 531 The company measures is activity in terms of flights. Customers can buy Individuel tickets for overlights or hire an entire piane for an overflight at a discount Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect que., zero variance). Input all amounts as positive values.) Vloan Flyover Plexible Budget Parformanos Report For the Month Ended July 31 Flexible Budgel Actu Rocuits Planning Budget 67 Flats al 5 to 2001 206d 5 TOGO Revenue Eco Was 8.213 B073 1881 2.731 2002 351 100 Narcinom DOGADOS TO Net carbon 1947 2707 33 230 13 1403 3 221