Saved Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 350 Revenue ($470.00g) Expenses: $164,500 Wages and salaries (11,500 $122.00g) Supplies ($3.00g) Equipment rental ($2,200$23.00g) Insurance ($4,000) Miscellaneous ($540$1.44q) 54,200 1,050 10,250 4,000 1,044 70,544 Total expense Net operating income 93,956 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number) Puget Sound Divers Flexible Budget For the Month Ended May 31 Actual diving-hours 340 Revenue $ 159,800 Expenses Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Prev 1 of 6 lE Next