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Exerclse 9-1(Algo) Prepare a Flexlble Budget [LO9-1] Puget Sound Divers provides diving services, such...

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Accounting

Exerclse 9-1(Algo) Prepare a Flexlble Budget [LO9-1]
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 Divers
Planning Budget
For the Month Ended May 31
Budgeted diving-hours (q)
Revenue ($420.98q)
Expenses:
Wages and salaries ($11,700+$120.09q)
Supplies ($6.60q)
Equipment rental ($2,500+$22.00q)
Insurance ($4,289)
Miscellaneous ($530+$1.44q)
Total expenses
Net operating incore
During May, the company's actual activity was 340 diving-hours.
Requlred:
Prepare a flexible budget for May.
Note: Round your answers to the nearest whole number.
\table[[Puget Sound Divers],[Flexible Budget],[For the Month Ended May 31],[Revenue,],[Expenses:,],[Wlages and sal aries,],[Supplies,],[Equipment rental,],[Insurance,],[Miscellaneous,],[Total expenses,],[Net operating income,]]
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