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 (a) 250 ipped Revenue ($440.00g) Expenses: Wages and salaries ($11,700 126.00q) Supplies ($4.00q) Equipment rental ($2,300 $24.00q) Insurance ($4,100) Miscellaneous (530 +$1.44g) Total expense $110,000 43, 200 1,000 8,300 4,100 890 Book Hint Print 57,490 ferences Net operating income S 52,510 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 aw cation 76% ype here to search Saved 1 Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) 1 Puget Sound Divers points Flexible Budget For the Month Ended May 31 Skipped eBook Revenue Hint Expenses: Print Wages and salaries References Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income Next> Mc Graw Hill Prev 1 of 7