Prepare a flexible budget for May. (Round your answers to the nearest whole number.) ...
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Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
Puget Sound Divers is a company that provides diving services such as underwater ship repa The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 400 $168,000 Revenue ($420.00) Expenses: Wages and salaries ($11,900 + $128.00m) Supplies ($3.00) Equipment rental ($2,400 + $23.009) Insurance ($4,100) Miscellaneous ($530 + $1.429) Total expense Net operating income 63,100 1,200 11,600 4,100 1,098 81,098 $ 86,902 During May, the company's actual activity was 390 diving-hours
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