Answer Happy

Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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 (q) 300 Revenue ($380.00g) $ 114,000. Expenses: Wages and salaries ($11,800 $126.000) Supplies (55.00g) 49,000 1,500 Equipment rental ($2,100 $20.000) 8,100. Insurance ($3,900) Miscellaneous ($500 $1.44Q) 3,900 932 Total expense 64,032 $ 49,968 Net operating income i 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.)
es 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 Actual diving-hours 290 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income