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 Budge: For the Month Ended May 31 Budgeted d Revenue (S450.00g) 300 5135,000 Wages and salaries ($11,700+5124.00q) Supplies (35.00q) Equipment rental ($2,200 $23.00q) Insurance (54,100) Miscellaneous ($530+$1.48q) 48,900 1,500 9,100 4,100 974 Total expense 64,574 Net operating income 5 70,426 Required During May, the company's activity was actually 290 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to nearest whole dollar.) Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment renta Total expense Net operating income
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