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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 (a) 300 Revenue (5430.00) $129,000 Expenses: Wages and salaries ($11,400 - $120.00) 47,400 Supplies ($5.089) 1,500 Equipment rental ($2,180 - $21.009) 8,400 Insurance (54,100) 4,100 Miscellaneous (5540 + $1.469) 978 Total expense 62,378 Net operating income $ 66,622 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.) 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

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