Puget Sound Divers The company\'s planning budget for May appears below: is a co

Question

Puget Sound Divers The company's planning budget for May appears below: is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 250 $102,580 Revenue ($410.08q) Expense eBook Wages and salaries ($11,500 + $124.80q) Supplies ($3.eaq) Equipment rental ($2,100 $23.08q) Insurance ($3,888) Miscellaneous ($580$1.48q) Hint 750 7,850 3,800 870 55,778 s 46,73e Print References Total expense Net operating income During May, the company's actual activity was 240 diving-hours Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Flexible Budget Month Ended May 31 Revenue Expenses Mc Graw

Explanation / Answer

Flexible Budget Actual activity 240 Revenue (240*410) 98400 Expenses: Wages & salaries (11500+240*124) 41260 Supplies (240*3) 720 Equipment rental (2100+23*240) 7620 insurance 3,800 miscellaneous (500+1.48*240) 855 Total expense 54255 net operating income 44145

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