Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (g) Revenue ($470.00g) Expenses: Wages and salaries ($11,900 + $130.00g) Supplies ($5.00g) Equipment rental ($2,300 + $24.00g) Insurance ($4,200) Miscellaneous ($530 + $1.46g) Total expense Net operating income 250 $ 117,500 44,400 1,250 8,300 4,200 895 59,045 $ 58,455 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