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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 (9) 300 Revenue ($400.889) $120,000 Expenses: Wages and salaries (511,300 - $128.609) 49,700 Supplies ($6.009) 1,800 Equipment rental ($2,100 - $25.009) 9,600 Insurance (54,200) 4,200 Miscellaneous (5520 - $1.449) 952 Total expense 66,252 Net operating income $ 53,748 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 dollar.) 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 income
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