You have logged into MyPark | M X McGraw-Hill Connect X Question 1 - Unit 6 Application A Course Hero X + V X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts... Apps G Google STPP TW Webex [s Grants-TW MO WORLD Title VI Reporting TSHEET Colvin Bills Park UNIV_MBA DOT Email Imported Reading list Unit 6 Application Assignment Saved Help Save & Exit Submit Check my work Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1] 8.33 Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The points company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 =Book Budgeted diving-hours (q) 40e Revenue ($440.00q) $176, 000 Expenses : Hint wages and salaries ($11, 200 + $128.00q) 2, 40e Supplies ($4.00q) 1, 600 Equipment rental ($2,400 + $25.00q) 12, 406 Insurance ($3, 800) 3, 800 References Miscellaneous ($520 + $1.48q) 1, 112 Total expense 81, 312 Net operating income 94, 688 During May, the company's actual activity was 390 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 390 Revenue S 171,600 Expenses Wages and salaries 61,120 Supplies 1,560 Equipment rental 10,390 Insurance 4,800 Miscellaneous 1,099 Total expense 78,969 Net operating income S 92,631 Mc Gra