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: 1 10 points eBook Hint References Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($365.00q) Expenses: Wages and salaries ($8,000+ $125.00g) Supplies ($3.00q) Equipment rental ($1,800 + $32.00q) Insurance ($3,400) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Miscellaneous ($630+ $1.80q) Total expense Net operating income During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. 100 $ 36,500 Wages and salaries Supplies 20,500 300 5,000 3,400 810 30,010 $ 6,490

Puget Sound Divers is a company that provides diving services such as underwoter 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 105 diving-hours. Required: Prepare a flexible budget for May. During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May