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Puget Sound Divers is a company that provides diving services such as underwater ship repairs to company's planning budget for May appears below: Puget Sound
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 2ee Revenue ($438.684) $ 86,eee Expenses: Wages and salaries ($11,980 + $130.689) 37,9ee Supplies ($5.ee) 1.890 Equipment rental ($2,300 + $24.884) 7,100 Insurance ($3,900) 3,900 Miscellaneous ($510 - $1.489) 806 Total expense 50,706 Net operating income $ 35, 294 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 number.) 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 0 $ 0
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