Exercise 9-1 (Algo) 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 (a) 250 Revenue ($410.00g) Expenses: Wages and salaries ($11,600 +$122.009) Supplies ($3.00g) Equipment rental ($2,200 +$23.00) Miscellaneous ($510 +$1.469) Insurance ($3,900) Total expense Net operating income $ 102,500 42,100 750 7,950 3,900 875 55,575 $46,925 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 . Drau 1710