Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's...
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Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below. Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($470.000) Expenses: Wages and salaries ($11,100 +$122.009) Supplies ($6.000) Equipment rental ($2,100 $26.00) Insurance ($4,000) Miscellaneous (5520 $1.500) Total expenses Net operating income 250 $117,500 41,600 1,500 8,600. 4,000 895 56,595 $ 60,905 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 expenses + 0 Net operating income $ 0 Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below. Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($470.000) Expenses: Wages and salaries ($11,100 +$122.009) Supplies ($6.000) Equipment rental ($2,100 $26.00) Insurance ($4,000) Miscellaneous (5520 $1.500) Total expenses Net operating income 250 $117,500 41,600 1,500 8,600. 4,000 895 56,595 $ 60,905 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 expenses + 0 Net operating income $ 0
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