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Exercise 9-1 Prepare a Flexible Budget (LO9-1] Puget Sound Divers is a company that provides diving services such as underwat

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Answer #1
Actual diving hours 240
Revenue (440*240) 105,600
Expenses
Wages and salaries (122*240)+11300 40,580
Supplies 1,200
Equipment 6,900
Insurance 4,000
Miscellaneous 886
Total 53,566
Net operating income 52,034

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