1. 100 pons Puget Sound Divers is a company that provides diving services such a

Question

1. 100 pons 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 Sound 200 B6.000 36400 1200 6,700 3.900 ngres 1511200- $126 00) ($6.004) Equipment rental (2,100+$23.00g) insurance ($3 Miscellaneous (3550 $1.464) Net operating income 3 36,958 Required: During May, the company's activity was actually 190 diving-hours. Complete the following flexible budget for that level of activity. (Round your final answer to nearest dollar amount.) Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Total expense Net operating income

Explanation / Answer

Flexible budget :

Revenue 81700 Expense Wages and salaries 35140 Supplies 1140 Equipment rental 6470 Insurance 3900 Miscellaneous 827 Total expense 47477 Net operating income 34223

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