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: Budgeted diving-hours (g) Revenue ($460.00q) Puget Sound Divers Planning Budget For the Month Ended May 31 Expenses: Wages and salaries ($11,000 + $124.00q) Supplies ($3.009) Equipment rental ($2,300 + $21.00q) Insurance ($3,900) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental 250 $ 115,000 Miscellaneous ($520+ $1.42g) Total expense Net operating income 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.) 1 42,000 750 7,550 3,900 875 55,075 $ 59,925

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. 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.) During May, the company's actual activity was 240 diving hours. Required: Prepate a flexible budget for May. (Round your answers to the nearest whole dollar.)