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

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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 area. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 250 $115,000 Revenue $460.009) Expenses: Wages and salaries ($11,900 + $126.009) Supplies ($4.009) Equipment rental ($2,100 + $22.00) Insurance ($3,900) Miscellaneous ($500 + $1.429) Total expense Net operating income 43,400 1,000 7,600 3,900 855 56,755 $ 58,245 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income

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