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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

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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 (g) 250 $ 102,500 Revenue ($410.00g) Expenses : Wages and salaries ($11,800 + $120.00) Supplies ($5.009) Equipment rental ($2,100 + $ 24.009) Insurance ($4,100) Miscellaneous ($530 + $1.489) Total expense Net operating income 41,800 1,250 8,100 4,100 900 56,150 $ 46, 350 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 number.) 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

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