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1 Ints Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($400.009) Expenses: Wages and salaries ($11,700 +
1 Ints Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($400.009) Expenses: Wages and salaries ($11,700 + $122.004) Supplies ($4.00g) Equipment rental ($2,000+ $20.00q) Insurance ($3,900) Miscellaneous ($510 +$1.50q) Total expense Net operating income 200 $ 80,000 36,100 800 6,000 3,900 810 47,610 $ 32,390 During May, the company's actual activity was 190 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Answer is not complete. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue $ 76,000 Expenses Wages and salaries 34.800x Supplies 950 Equipment rental 7.140 Insurance 4.000 x Miscellaneous 817 Total expense 47.707 Net operating income $ 28.293
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