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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 aPuget Sound Divers Flexible Budget For the Month Ended May 31 Revenueſ Expenses: Wages and salaries Supplies Equipment rental

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Answer #1
Actual diving hours 240
Revenue (240*$390) $93,600
Expenses:
Wages and salaries (11500+240*126) 41740
Supplies (240*3) 720
Equipment rental (2400+240*23) 7920
Insurance 3900
Miscellaneous (530+240*1.42) 871
Total expense $55,151
Net Operating income $38,449
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