Puget sound divers is a company that provides diving

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Reference no: EM13574471

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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