Exerclse Algo Prepare a Flexlble Budget LO
Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below:
Puget Sound Divers
Planning Budget
For the Month Ended May
Budgeted divinghours q
Revenue $
Expenses:
Wages and salaries $$
Supplies $
Equipment rental $$
Insurance $
Miscellaneous $$
Total expenses
Net operating incore
During May, the company's actual activity was divinghours.
Requlred:
Prepare a flexible budget for May.
Note: Round your answers to the nearest whole number.
tablePuget Sound DiversFlexible BudgetFor the Month Ended May RevenueExpenses:Wlages and sal aries,SuppliesEquipment rental,InsuranceMiscellaneousTotal expenses,Net operating income,
