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Puget Sound Divers is a company that provides diving services such as underwater ship repairs...

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Accounting

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q) 250
Revenue ($420.00q) $ 105,000
Expenses:
Wages and salaries ($11,800 + $128.00q) 43,800
Supplies ($6.00q) 1,500
Equipment rental ($2,000 + $20.00q) 7,000
Insurance ($3,900) 3,900
Miscellaneous ($530 + $1.44q) 890
Total expense 57,090
Net operating income $ 47,910

During May, the companys actual activity was 240 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

image

Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: \begin{tabular}{|l|l|} \hline Wages and salaries & \\ \hline Supplies \\ \hline Equipment rental \\ \hline Insurance & \\ \hline Miscellaneous & \\ \hline Total expense & \\ \hline Net operating income & $ \\ \hline \end{tabular}

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