Halifax Harbour Divers provides diving services such as underwater ship repairs to clients in the...
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Accounting
Halifax Harbour Divers provides diving services such as underwater ship repairs to clients in the harbour and nearby south shore. The companys planning budget for May appears below: Halifax Harbour Divers Flexible Budget For the Month Ended May Budgeted divinghours q Revenue $q $ Expenses: Wages and salaries $ $q Supplies $q Insurance $ Miscellaneous $ $q Total expense Net operating income $ During May, the companys actual activity was divinghours. Required: Prepare a flexible budget for May.
Halifax Harbour Divers provides diving services such as underwater ship repairs to clients in the harbour and nearby south shore. The companys planning budget for May appears below:
Halifax Harbour Divers
Flexible Budget
For the Month Ended May
Budgeted divinghours q
Revenue $q $
Expenses:
Wages and salaries $ $q
Supplies $q
Insurance $
Miscellaneous $ $q
Total expense
Net operating income $
During May, the companys actual activity was divinghours.
Required:
Prepare a flexible budget for May.
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