Puget Sound Divers is a company that provides diving services such as underwater ship repairs to...

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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 a Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Bu

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Answer 1

Answer #1

Actual diving hours	390

Revenue ($460 * 390)	$179400
Expenses:
Wages & Salaries ($11300 + [$126 * 390])	$60440
Supplies ($4 * 390)	$1560
Equipment Rental ($2200 + [$26 * 390])	$12340
Insurance	$3800
Miscellaneous ($510 + [$1.48 * 390])	$1087.20
Total Expense	$79227.20
Net operating Income	$100172.80

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Answer 2

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