Question: 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

Puget Sound Divers is a company that provides diving services such as

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 (9) Revenue ($450.009) Expenses: Wages and salaries ($11,800 + $124.009) Supplies ($3.009) Equipment rental ($2,300+ $23.009) Insurance ($4,100) Miscellaneous ($520 +$1.48q) Total expense Net operating income 400 $ 180,000 61,400 1,200 11,500 4,100 1,112 79,312 $ 100,688 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) 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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