Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (g) Revenue ($450.00g) Expenses: Wages and salaries ($11,600 + $126.00g) Supplies ($5.00g) Equipment rental ($2,300 + $23.00g) Insurance ($4,000) Miscellaneous ($540 + $1.48g) Total expenses Net operating income 400 $ 180,000 62,000 2,000 11,500 4,000 1,132 80,632 $ 99,368 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. Note: Round your answers to the nearest whole number.

Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company's planning budget for May appears below: During May, the company's actual activity was 390 diving -hours. Required: Prepare a flexible budget for May