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: 10 points Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 250 eBook $ 95,000 Hint Print Revenue ($380.000) Expenses : Wages and salaries ($11,600 + $122.00) Supplies ($3.00) Equipment rental ($2,100 + $22.009) Insurance ($4,100) Miscellaneous ($550 + $1.429) Total expense Net operating income References 42,100 750 7,600 4,100 905 55, 455 $ 39,545 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 dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Net operating income During May, the company's actual activity was 240 diving-hours. 10 Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) points eBook Puget Sound Divers Flexible Budget For the Month Ended May 31 Hint Print References Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: pints Quilcene Oysteria Flexible Budget for the Month Ended August 31 Actual pounds (9) 8,000 eBook $ 33,200 Hint Print Revenue ($4.159) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,200) Wages and salaries ($2,100 + $0.359) Shipping ($0.709) Utilities ($1,290) Other ($460 + $0.019) Total expense Net operating income References 2,400 3,200 4,900 5,600 1,290 540 17,930 $ 15,270 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $ 27,200 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 2,570 3,060 5,310 5,330 1,100 1,160 18,530 Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,570 3,060 5,310 5,330 1,100 1,160 18,530 $ 8,670 pints eBook Hint Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Print References Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income