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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: 400 $ 156,000 Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($390.009) Expenses: Wages and salaries ($12,000 + $128.009) Supplies ($4.009) Equipment rental ($2,200 + $21.009) Insurance ($4,100) Miscellaneous ($530 + $1.489) Total expense Net operating income 63,200 1,600 10,600 4,100 1,122 80,622 $ 75,378 During May, the company's actual activity was 390 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: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income

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