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 (q) Revenue ($430.00q) Expenses: Wages and salaries ($11,100 + $130.004) Supplies ($3.00q) Equipment rental ($2,400 +$25.00) Insurance ($4,000) Miscellaneous ($550 +$1.42q) Total expense Net operating income 300 $129,000 50,100 900 9,900 4,000 976 65,876 $ 63,124 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 doller.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance MiscellanenUS Prev 1 of 5 Next >