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 ($400.00q) Expenses: Wages and salaries ($11,900 + $126.009) Supplies ($4.009) For the Month Ended May 31 Budgeted diving-hours (q) 300 $ 120,000 49,700 1,200 9,700 4,100 944 65,644 $ 54,356 Equipment rental ($2,200+ $25.009) Insurance ($4,100) Miscellaneous ($500 +$1.48q) Total expense Net operating income. During May, the company's actual activity was 290 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 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 ($400.00q) Expenses: Wages and salaries ($11,900 + $126.009) Supplies ($4.009) For the Month Ended May 31 Budgeted diving-hours (q) 300 $ 120,000 49,700 1,200 9,700 4,100 944 65,644 $ 54,356 Equipment rental ($2,200+ $25.009) Insurance ($4,100) Miscellaneous ($500 +$1.48q) Total expense Net operating income. During May, the company's actual activity was 290 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
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