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Puget Sound Divers is a company that provides diving services such as underwater ship repa

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 (q) 400 Revenue ($420.00q) $ 168,000 Expenses: Wages and salaries ($11,700 + $126.00q) 62,100 Supplies ($5.00q) 2,000 Equipment rental ($2,200 + $22.00q) 11,000 Insurance ($4,100) 4,100 Miscellaneous ($540 + $1.46q) 1,124 Total expense 80,324 Net operating income $ 87,676 Required: During May, the company’s activity was actually 390 diving-hours. Complete the following flexible budget for that level of activity. (Round your answers to nearest whole dollar.)

Nov 08 2017 View more View Less

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