3 5 Puget Sound Divers Planning Budget For the Month Ended May 31 300 Budgeted diving-hours (g) $ 123,000 Revenue ($410.00g) Expenses: 50,900 Wages and salaries ($11,900 + $130.00g) Supplies ($4.00g) 1,200 9,000 Equipment rental ($2,400 *22.00g) Insurance ($4,100) 4,100 926 Miscellaneous ($500+ $1.42g) Total expense 66,126 $ 56,874 Net operating income 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 dollar.) Puget Sour Divers Flexible Budget For the Month Ended May 31 Budgeted diving-hours Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ 0 0