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Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q)) Revenue ($470.00q) Expenses: Wages and salaries ($11,100 + $122.00q) Supplies ($3.00q)
Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q)) Revenue ($470.00q) Expenses: Wages and salaries ($11,100 + $122.00q) Supplies ($3.00q) Equipment rental ($2,200 + $22.00q) Insurance ($4,000) Miscellaneous ($550 + $1.48q) Total expense Net operating income 200 $ 94,000 35,500 600 6,600 4,000 846 47,546 $ 46,454 During May, the company's actual activity was 190 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 0 Net operating income $ 0
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