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

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Accounting

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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 $150,500 Revenue ($430.000) Expenses: Wages and salaries ($11,800 + $120.00) Supplies ($5.009) Equipment rental ($2,200 + $25.009) Insurance ($4,100) Miscellaneous ($540 + $1.429) Total expense Net operating income 56,600 1,750 10,950 4,100 1,037 74.437 S 76.063 During May, the company's actual activity was 340 diving-hours. Puget Sound Divers Flexible Budget For the Month Ended May 31 Budgeted diving-hours 1X 340 Revenue $ 146,200 Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous 55,600 1,700 9,440 3,800 . 1,023 71,563 Total expense Net operating income 74.637

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