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 (m) 250 Revenue ($390.009) $ 97,500 Expenses Wages and salaries ($11.900 - $130.000) 44,400 Supplies (3.009) 750 Equipment rental ($2,100 - $21.009) 7350 Insurance ($4,200) 4,200 Miscellaneous (3540 + 51.469) 905 Total expense 57605 Net operating income $ 39,895 During May, the company's actual activity was 240 diving-hours