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) Revenue ($410.00g) Expenses: Wages and salaries ($11,300 + $128.00g) Supplies ($5.00g) Equipment rental ($2,100 + $22.00g) Insurance ($3,900) Miscellaneous ($520 Total expense Net operating income $1.50g) 250 $102,500 43,300 1,250 7,600 3,900 895 56,945 $ 45,555 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 Actual diving-hours Revenue Expenses