Puget Sound Divers is a company that provides diving services such as underwater...
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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 (g) Revenue ($470.00q) 200 $ 94,000 Expenses Wages and salaries ($11,800 $122.00q) Supplies ($4.00q) Equipment rental ($2,400 $22.00q) Insurance ($3,900) Miscellaneous ($520+$1.46q) 36,200 800 6,800 3,900 812 Total expense 48,512 Net operating income $45,488 Required During May, the company's activity was actually 190 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to nearest whole dollar.)
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