Puget Sound Divers is a company that provides diving services such as underwater ship repairs...
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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: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 350 $143,500 Revenue ($410.00q) Expenses: Wages and salaries ($11,200 + $128.009) Supplies ($5.009) Equipment rental ($2,200 + $22.009) Insurance ($4,000) Miscellaneous ($540 + $1.489) Total expense Net operating income 56,000 1,750 9,900 4,000 1,058 72,708 $ 70,792 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 number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours 340 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $ 0
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