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: 250 $117,500 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($470.000) Expenses: Wages and balartou ($11,800 + $124.009) Supplies ($5.009) Equipment rental ($2,300 + $24.009) In urance ($4,000) Miscellaneous ($550 + $1.469) Total expense Net operating income 42,800 1,250 8,300 4,000 915 57,265 $ 60,235 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.) 2 points 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.) eBook Hint Print Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours References 240 $ 112,800 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous 4,000 4,000 Total expense Net operating income $ 108,800