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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

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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 (9) Revenue ($470.009) Expenses: Wages and salaries ($11,100 +$128.009) Supplies ($4.009) Equipment rental ($2,200 + $25.009) Insurance ($4,100) Miscellaneous ($520 + $1.469) Total expense Net operating income 250 $117,500 43,100 1,000 8,450 4,100 885 57,535 $ 59,965 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 Revenue

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