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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

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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 (g) 300 $138,000 Revenue $460.000) Expenses: Wages and salaries ($11,700 + $122.009) Supplies ($6.00q) Equipment rental ($2,200 + $24.009) Insurance ($4,000) Miscellaneous ($510 + $1.469) Total expense Net operating income 48,300 1,800 9,400 4,000 948 64,448 $ 73,552 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 number.)

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