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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 aRequired: 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
Actual diving hours 240
Revenue (400*240) 96,000
Expenses
Wages and salaries (124*240)+11300 41,060
Supplies (6*240) 1440
Equipment 7,440
Insurance 4,000
Miscellaneous 875
Total 54,815
Net operating income 41,185
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