5-12 Saved 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 (9) $36,500 Revenue ($365.000) Expenses! Wages and salaries ($8,000 + $125.009) Supplies ($3.009) Equipment rental ($1,800 + $ 32.009) 20,500 300 5.000 3,400 810 30,010 6.490 Miscellaneous ($630 + $1.809) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Puget Sound Divers Flexible Budget For the Month Ended May 31 prev Next > During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. 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