Puget Sound Divers Is a company that provides diving services such as underwater

Question

Puget Sound Divers Is a company that provides diving services such as underwater shlp repairs to clients In the Puget Sound ared. The company's planning budget for May appears below Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 488 $152,8ee Revenue ($380.80q) Expenses: Wages ad salaries ($11,58$122.86q) Supplies ($5.88q) Equipment rental ($2,48$23.88q) Insurance ($3,80e) Miscellaneous ($528$1.58q) 68,3ee 2,800 11,688 3,888 1,120 8,828 $ 73,188 Total expense Net operating income During May, the company's actual activity was 390 dIving-hours. Requlrec 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

Explanation / Answer

Actual diving hours 390 Revenue 148200 =390*380 Expenses: Wages and salaries 59080 =11500+(390*122) Supplies 1950 =390*5 Equipment rental 11370 =2400+(390*23) Insurance 3800 Miscellaneous 1105 =520+(390*1.5) Total expenses 77305 Net operating income 70895

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