Prepare a flexible budget for may

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Reference no: EM133725951

Case Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below:

Puget Sound DiversPlanning BudgetFor the Month Ended May 31Budgeted diving-hours (q)200Revenue ($430.00q)$ 86,000Expenses: Wages and salaries ($11,400 + $122.00q)35,800Supplies ($3.00q)600Equipment rental ($2,400 + $25.00q)7,400Insurance ($3,900)3,900Miscellaneous ($510 + $1.48q)806Total expenses48,506Net operating income$ 37,494

During May, the company's actual activity was 190 diving-hours.

Required:

Prepare a flexible budget for May.

Reference no: EM133725951

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