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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 $[$ LO $9 - 1]$

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 $($ $ $420.98 q)$

Expenses:

Wages and salaries $($ $ $11, 700 +$ $ $120.09 q)$

Supplies $($ $ $6.60 q)$

Equipment rental $($ $ $2, 500 +$ $ $22.00 q)$

Insurance $($ $ $4, 289)$

Miscellaneous $($ $ $530 +$ $ $1.44 q)$

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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