Puget Sound Divers is a company that provides diving services such as unden The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 300 $117,000 Revenue ($390.00g) Expenses : Wages and salaries ($11100 + $120.00) Supplies ($4.009) Equipment rental ($2,100 + $23.00) Insurance ($4,000) Miscellaneous ($530 + $1.469) Total expense Net operating income 47,100 1,200 9,000 4,000 968 62,268 $ 54, 732 During May, the company's actual activity was 290 diving-hours