1 6.66 points eBook Hint Print References Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($380.009) Expenses: Wages and salaries ($11,700 + $126.009) Supplies ($5.00q) Equipment rental ($2,400 + $22.00q) Insurance ($3,800) Miscellaneous ($530 +$1.449) Total expense Net operating income 300 $ 114,000 49,500 1,500 9,000 3,800 962 64,762 $ 49,238 During May, the company's actual activity was 290 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