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Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company s planning budget for May appears below: Puget Sound
Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The companys planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May Budgeted divinghours q Revenue $q $ Expenses: Wages and salaries $ $q Supplies $q Equipment rental $ $q Insurance $ Miscellaneous $ $q Total expenses Net operating income $ During May, the companys actual activity was divinghours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number.
Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The companys planning budget for May appears below:
Puget Sound Divers
Planning Budget
For the Month Ended May
Budgeted divinghours q
Revenue $q $
Expenses:
Wages and salaries $ $q
Supplies $q
Equipment rental $ $q
Insurance $
Miscellaneous $ $q
Total expenses
Net operating income $
During May, the companys actual activity was divinghours.
Required:
Prepare a flexible budget for May.
Note: Round your answers to the nearest whole number.
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