Answer Happy

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 ($365.00g) Expenses: Wages and salaries ($8,000+ $125.00q) Supplies ($3.00g) Equipment rental ($1,800+ $32.00q) Insurance ($3,400) Miscellaneous ($630+ $1.80q) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. 100 $36,500 20, 500 300 5,000 3,400 810 30,010 $ 6,490
During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. 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 $ 0 0