1 1 points eBook Hint Print References Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 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 (g) Revenue ($420.00g) Expenses: Wages and salaries ($11,900 + $124.00g) Supplies ($6.00g) Equipment rental ($2,100 + $22.00g) Insurance ($4,200) Miscellaneous ($520 + $1.44g) Total expense Net operating income 250 $ 105,000 42,900 1,500 7,600 4,200 880 57,080 $ 47,920 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: