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nacin Modulo 8 1 6 hits Skipped 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 (a) 100 Revenue ($365.009) $36,500 Expenses: Wages and salaries ($8,000 + $125.009) 20,500 Supplies ($3.009) 300 Equipment rental ($1,800 + $32.809) 5,000 Insurance ($3,400) 3,400 Miscellaneous (5630 - $1.809) 810 Total expense 30.010 Net operating income $ 6,490 During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. eBook Hint Prim o References Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Wages and salaries ($8,000 + $125.009) Supplies ($3.089) Equipment rental ($1,800 + $32.00q) Insurance ($3,400) Miscellaneous ($630 + $1.899) Total expense Net operating income 20,500 300 5,000 3,480 810 30,010 $ 6,490 ped During May, the company's actual activity was 105 diving-hours. Required: Prepare a flexible budget for May. ook Puget Sound Divers Flexible Budget For the Month Ended May 31 Hint ib Revenue Print erences Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income