Budgeted diving-hours (q) Revenue ($400.00g) For the Month Ended May 31 Expenses: Wages and salaries...
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Budgeted diving-hours (q) Revenue ($400.00g) For the Month Ended May 31 Expenses: Wages and salaries ($12,000+ $122.00q) Supplies ($5.00q) Equipment rental ($2,300 + $22.00q) Insurance ($3,900) Miscellaneous ($520+ $1.50q) Total expense Net operating income During May, the company's actual activity was 240 diving-hours. Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ $ 96,000 250 $ 100,000 0 96,000 42,500 1,250 7,800 3,900 895 56,345 $ 43,655 
During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)
Budgeted diving-hours (q) Revenue ($400.00g) For the Month Ended May 31 Expenses: Wages and salaries ($12,000+ $122.00q) Supplies ($5.00q) Equipment rental ($2,300 + $22.00q) Insurance ($3,900) Miscellaneous ($520+ $1.50q) Total expense Net operating income During May, the company's actual activity was 240 diving-hours. Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue Expenses: Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ $ 96,000 250 $ 100,000 0 96,000 42,500 1,250 7,800 3,900 895 56,345 $ 43,655
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