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) 250 Revenue ($420.00q) $ 105,000 Expenses: Wages and salaries ($11,600 + $126.00q) 43,100 Supplies ($4.00q) 1,000 Equipment rental ($2,100 + $23.00q) 7,850 Insurance ($4,100) 4,100 Miscellaneous ($540 + $1.48q) 910 Total expense 56,960 Net operating income $ 48,040 During May, the companys actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
For the Month ended May 31
Revenue
Expense:
Wages and Salaries
Supplies:
Equipment Rental:
Insurance
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