Halifax Harbour Divers provides diving services such as underwater ship repairs to clients in the...
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Accounting
Halifax Harbour Divers provides diving services such as underwater ship repairs to clients in the harbour and nearby south shore. The companys planning budget for May appears below:
Halifax Harbour Divers
Flexible Budget
For the Month Ended May
Budgeted divinghours q
Revenue $q $
Expenses:
Wages and salaries $ $q
Supplies $q
Insurance $
Miscellaneous $ $q
Total expense
Net operating income $
During May, the companys actual activity was divinghours.
Required:
Prepare a flexible budget for May.
Answer & Explanation
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