1 1 points 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 eBook Print References Budgeted diving-hours (q) 100 Revenue ($365.000) $ 36,500 Expenses: Wages and salaries ($8,000 +$125.00) Supplies ($3.00g) 20,500 300 Equipment rental ($1,800 $32.00q). 5,000 Insurance ($3,400) Total expense 3,400 Miscellaneous ($630 + $1.88q) 810 30,010 Net operating income $6,490 Mc Graw Hill During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Puget Sound Divers Flexibla Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supples Equipment rental Insurance Miscellaneous Prev 1 of 2 Next > 1 points eBook Hint Supplies ($3.00q) Insurance ($3,400) 300 Equipment rental ($1,800+ $32.00q) 5,000 3,400 810 30,010 $ 6,490 Miscellaneous ($630 +$1.80q) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Puget Sound Divers Flexible Budget For the Month Ended May 31 Print Revenue D References Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income