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: Budgeted diving-hours (g) Revenue ($365.00g) Expenses: Wages and salaries ($8,000+ $125.00g) Supplies ($3.00g) Equipment rental ($1,800+ $32.00g) Insurance ($3,400) Puget Sound Divers Planning Budget For the Month Ended May 31 Miscellaneous ($630+ $1.80g) Total expense Net operating income Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense $ 105 36,500 100 $ 36,500 0 20,500 300 5,000 3,400 810 30,010 $ 6,490 Prev 1 of 8 # Next >

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: During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May