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Puget sound divers is a company that provides diving

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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)........................

       100

Revenue ($365.00q).................................

$36,500

Expenses

   Wages and salaries ($8,000 + 125.00q)........

$20,500

   Supplies ($3.00q).................................

     300

   Equipment rental ($1,800 + $32.00q)..........

5,000

   Insurance ($3,400)................................

3,400

   Miscellaneous ($630 + $1.80q).................

     810

Total expense........................................

$30,010

Net operating income...............................

$ 6,490

Required:

During May, the company's activity was actually 105 diving-hours. Prepare a flexible budget for that level of activity.

Reference no: EM13574471

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