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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 $172,80 Revenue ($438.889) Expenses: Wages and salaries ($11,680 + $128.00) Supplies ($5.089) Equipment rental ($2,380 + $21.689) Insurance ($4,200) Miscellaneous ($520 + $1.429) Total expense Net operating income 62,888 2,080 19,780 4,200 1,888 88,788 $ 91,212 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 Budgeted diving-hours X 400 Revenue IS 156.000 Expenses: Wages and salaries Supplies Equipment rental Insurance 179,300 1,950 10.490 4,200 Miscellaneous 1,074 Total expense 197,014 Net operating income S (41,014) "Red text indicates no response was expected in a cell or a formula-based calculation is incorrect, no points deducted

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