Puget Sound Divers is a company that provides diving services such as underwater ship repairs...
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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) 250 Revenue ($450.000) $ 112,500 Expenses : Wages and salaries ($12,000+ $120.00) 42,000 Supplies ($5.009) 1,250 Equipment rental ($2,200 + $26.009) 8,700 Insurance ($4,000) 4,000 Miscellaneous ($530 + $1.449) Total expense 56,840 Net operating income $ 55, 660 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) 890 Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $ 0
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