Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($470.00g) Expenses: Wages and salaries ($11,300 +$128.00g) Supplies ($4.00g) Equipment rental ($2,000 + $23.00g) Insurance ($4,100) Miscellaneous ($500 +$1.46g) Total expense Net operating income 250 $ 117,500 43,300 1,000 7,750 4,100 865 57,015 $ 60,485 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 dollar.) 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