Puget Sound Divers is a company that provides diving services such as underwater ship repairs to...
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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 Revenue ($390.00q) Expenses: Wages and salaries ($11,900 + $120.009) Supplies ($4.009) For the Month Ended May 31 Budgeted diving-hours (q) 250 $ 97,500 41,900 1,000 8,450 4,100 905 56,355 $ 41,145 Equipment rental ($2,200 + $25.00q) Insurance ($4,100) Miscellaneous ($540 + $1.46q) Total expense Net operating income During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. 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 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 Revenue ($390.00q) Expenses: Wages and salaries ($11,900 + $120.009) Supplies ($4.009) For the Month Ended May 31 Budgeted diving-hours (q) 250 $ 97,500 41,900 1,000 8,450 4,100 905 56,355 $ 41,145 Equipment rental ($2,200 + $25.00q) Insurance ($4,100) Miscellaneous ($540 + $1.46q) Total expense Net operating income During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number. 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
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