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Puget Sound Divers is a company that provides diving services such as underwater ship repairs...

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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 (9) 400 $168,000 Revenue ($420.00) Expenses: Wages and salaries ($11,900 + $120.00) Supplies ($5.00g) Equipment rental ($2,000 + $23.00) Insurance ($4,000) Miscellaneous ($540 + $1.449) Total expense Net operating income 59,900 2,000 11,200 4,000 1,116 78,216 $ 89, 784 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 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income

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