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Puget Sound Divers is a company that provides diving services such as underwater ship repairs...

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Accounting

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 350 Revenue ($380.00q) $ 133,000 Expenses: Wages and salaries ($11,500 + $130.00q) 57,000 Supplies ($5.00q) 1,750 Equipment rental ($2,300 + $25.00q) 11,050 Insurance ($4,000) 4,000 Miscellaneous ($540 + $1.48q) 1,058 Total expense 74,858 Net operating income $ 58,142 During May, the companys actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)

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Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)

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