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: 10 points Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 01:43 28 200 Skipped $84,000 37,200 1,000 eBook Revenue ($ 420.00) Expenses: Wages and salaries ($11,600 + $128.009) Supplies ($5.00) Equipment rental ($2,500 + $22.00) Insurance ($4,000) Miscellaneous ($550 + $1.48) Total expense Net operating income Hint 6,900 4,000 846 49,946 $34,054 Print During May, the company's actual activity was 190 diving-hours. References Required: Prepare a flexible budget for May (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Fnded May 31 $ Net operating income pok During May, the company's actual activity was 190 divin Required: Prepare a flexible budget for May. (Round your answer int Tint Puget Sound Divers Flexible Budget For the Month Ended May 31 erences Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 0 ne e