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Prepare a ?exible budget for may

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Reference no: EM132649999

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) 350 Revenue ($390.00q) $136, 500

Expenses : Wages and salaries ($11, 700 + $122.00q) 54,400

Supplies ($5.00q) 1, 750

Equipment rental ($2,000 + $21.00q) 9,350

Insurance ($4,090) 4,900

Miscellaneous ($540 + $1. 48q) 1, 058

Total expense 70,558

Net operating income $ 65,942

  • During May, the company's actual activity was 340 diving-hours.

Required:

Problem 1: Prepare a ?exible budget for May. [Round your answers to the nearest whole number.)

Reference no: EM132649999

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