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 (a) 100 Revenue ($365.089) $36,500 Expenses: Wages and salaries ($8,000 + $125.000) 20,500 Supplies ($3.009) 300 Equipment rental (51,800 + $32.989) 5,000 Insurance ($3,400) 3,400 Miscellaneous (5630 + $1.809) 810 Total expense 30,010 Net operating income $ 6,490 During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Supplies ($3.00 Equipment rental (51,860 532.000) Insurance ($3,400) Miscellaneous (5630 + $1.50) Total expense Net operating income 300 5,000 3,400 810 38,010 $ 6,490 During May, the compony's actual activity was 105 diving hours, Required: Prepare a flexible budget for May Puget Sound Divers Fleche Budget For Month Ended May 31 Revenue Expenses Wagmand Supple Eument urante Menu Top operating income Prov MacBook Pro 90 EER > N 2 3 $ 4 % 5 6 & 7 W E R T Y