Che Exercise 9-1 Prepare a Flexible Budget (LO9-1 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 (q) 250 Revenue ($400.00q) Expenses: Wages and salaries ($11,400 + $122.00q) Supplies ($6.00g) Equipment rental ($2,000 Insurance ($4,100) Miscellaneous ($540 +$1.46q) Total expense $100,000 41,900 1,500 8,250 4,100 $25.00g) 905 56,655 43,345 Net operating income 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 31 240 Actual diving-hours Net operating ancome During May, the company's actual activity was 240 diving-hours. Required: Prepare flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours Revenue es Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense 0 Net operating income Next Prev 1 of 5