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...
need help putting together this flexible budget plan.
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Soundarea. The company’s planning budget for May appears below: Puget Sound DiversPlanning BudgetFor the Month Ended May 31 Budgeted diving-hours (q) 400Revenue ($450 . 00q) $180, 000Expenses:Wages and salaries ($11,800 + $126.00q) 62,200Supplies ($3.00q) 1,200Equipment rental ($2,500 + $23.00q) 11,700Insurance ($4,000) 4,000Miscellaneous ($540 + $1.48q) 1:132Total expense 80,232Net operating income $ 99:768 During May, the company's actual activity was 390 diving-hours. Required:Prepare a flexible budget for May. (Round your answers to the nearest whole number.)
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