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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 (q) Revenue ($365.00q) 100 $36,500 Expenses: Wages and salaries ($8,000+$125.00q) Supplies ($3.00q) Equipment rental ($1,800+ $32.00q) Insurance ($3,400) 20,500 300 5,000 3,400 810 Miscailian ous (83$1.800) Total expense 30,010 Net operating income S 6,490 Required: Durng May, the company's activity was actualy 1os divinig houns Comolete the foiliowing feoxibile budget for that level of activity Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating incomu 0
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