Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) Revenue ($440.00g) Expenses: Wages and salaries ($11,100 + $124.00q) Revenue Expenses Supplies ($3.00q) Equipment rental ($2,400 + $22.00g) Insurance ($4,000) Miscellaneous ($550 + $1.44g) Total expense Net operating income During May, the company's actual activity was 240 diving-hours. Puget Sound Divers Flexible Budget For the Month Ended May 31 250 $ 110,000 Wages and salaries Supplies Equipment rental Insurance 42,100 750 7,900 4,000 910 Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) 55,660 $ 54,340