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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 companys planning budget for May appears below:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)	400
Revenue ($460.00q)	$ 184,000
Expenses:
Wages and salaries ($11,800 + $122.00q)	60,600
Supplies ($4.00q)	1,600
Equipment rental ($2,500 + $24.00q)	12,100
Insurance ($4,100)	4,100
Miscellaneous ($520 + $1.50q)	1,120
Total expense	79,520
Net operating income	$ 104,480

During May, the companys actual activity was 390 diving-hours.

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)	400
Revenue ($460.00q)	$ 184,000
Expenses:
Wages and salaries ($11,800 + $122.00q)	60,600
Supplies ($4.00q)	1,600
Equipment rental ($2,500 + $24.00q)	12,100
Insurance ($4,100)	4,100
Miscellaneous ($520 + $1.50q)	1,120
Total expense	79,520
Net operating income	$ 104,480

During May, the companys actual activity was 390 diving-hours.

	Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income $0

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