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Posted: **Sun Jul 03, 2022 3:54 pm**

: Puget Sound Divers Is A Company That Provides Diving Services Such As Underwater Ship Repairs To Clients In The Puget So 1 (21.84 KiB) Viewed 11 times

: Puget Sound Divers Is A Company That Provides Diving Services Such As Underwater Ship Repairs To Clients In The Puget So 2 (36.59 KiB) Viewed 11 times

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 (a) Revenue ($380.000) Expenses: Hages and salaries ($11,400+ $122.009) 300 $ 114,000 48,000 1,500 8,200 4,000 966 Supplies ($5.00g) Equipment rental ($2,200 $20.000) Insurance ($4,000) Miscellaneous ($540+ $1.420) Total expense Net operating income During May, the company's actual activity was 290 diving-hours. 62,666 $51,334

es Required: Prepare a flexible budget for May. (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 4