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...

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) 250 Revenue ($430.009) $ 107,500 Expenses: Wages and salaries ($11,200 + $124.009) 42,200 Supplies ($6.009) 1,500 Equipment rental ($2,300 + $25.089) 8,550 Insurance ($4,800) 4,000 Miscellaneous ($510 + $1.449) 870 Total expense 57, 120 Net operating income $ 50,380 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) tes Puget Sound Divers K Flexible Budget For the Month Ended May 31 Actual diving-hours 240 - Revenue $ 103,200 Expenses: nt Wages and salaries Supplies Equipment rental ) 8,300 ences Insurance 4,000 Miscellaneous Total expense 12,300 Net operating income $ 90,900