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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).....................100
Revenue ($365.00q).......................... $36,500
Expenses:
Wages and salaries ($8,000+ $125.00q).......20,500
Supplies ($3.00q)..........................300
Equipment rental ($1,800+ $32.00q)..........5,000
Insurance ($3,400).........................3,400
Miscellaneous ($630+ $1.80q)...............810
Total expense ...............................30,010
Net operating income ......................... $ 6,490
Required:
During May, the companys activity was actually 105 diving-hours. Prepare a flexible budget for that level
of activity.

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