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 (9) 250 $102,500 Revenue ($410.009) Expenses Wages and salaries ($11,000+ $130.000) Supplies ($5.00) Equipment rental (52.300 + $24.009) Insurance ($4,000) Miscellaneous ($510 + $1.449) Total expense Net operating income 43.500 1.250 8.300 4.000 57.920 $44.580 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May (Round your answers 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 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Pixed Cost per Month Cost per Car Washed $0.50 $ 0.06 $ 0.30 $ 0.20 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation $1,100 Rent $4,100 $8,200 $2,100 $1,600 Administrative expenses $ 0.05 For example, electricity costs are $1,100 per month plus $0.06 per car washed. The company actually washed 8,600 cars in August and collected an average of $6.70 per car washed. Required: Prepare the company's flexible budget for August - Lavage Rapide Flexible Budget For the Month Ended Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense "Net operating income DI