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) 250 Revenue ($460. 00q) $ 115 , 600 Expenses : Wages and salaries ($11, 600 + $124.00q) 42, 600 Supplies ($5.00q) 1, 250 Equipment rental ($2, 100 + $25.00q) 8 , 350 Insurance ($3,800) 3, 800 Miscellaneous ($540 + $1.46q) 905 Total expense 56, 905 Net operating income $ 58, 095 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 Prev. 1 of 6 Next > Q Search DELLRequired: 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income $ O