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

$3$

$1$

Budgeted diving

$-$

hours

$($

q

$)$

$4$

$0$

$0$

Revenue

$($

$

$4$

$6$

$0$

$.$

$0$

$0$

q

$)$

$$$

$1$

$8$

$4$

$,$

$0$

$0$

$0$

Expenses:

Wages and salaries

$($

$

$1$

$1$

$,$

$2$

$0$

$0$

$+$

$$$

$1$

$2$

$6$

$.$

$0$

$0$

q

$)$

$6$

$1$

$,$

$6$

$0$

$0$

Supplies

$($

$

$4$

$.$

$0$

$0$

q

$)$

$1$

$,$

$6$

$0$

$0$

Equipment rental

$($

$

$2$

$,$

$3$

$0$

$0$

$+$

$$$

$2$

$0$

$.$

$0$

$0$

q

$)$

$1$

$0$

$,$

$3$

$0$

$0$

Insurance

$($

$

$4$

$,$

$2$

$0$

$0$

$)$

$4$

$,$

$2$

$0$

$0$

Miscellaneous

$($

$

$5$

$2$

$0$

$+$

$$$

$1$

$.$

$4$

$8$

q

$)$

$1$

$,$

$1$

$1$

$2$

Total expense

$7$

$8$

$,$

$8$

$1$

$2$

Net operating income $

$1$

$0$

$5$

$,$

$1$

$8$

$8$

$$

During May, the company

$$

s actual activity was

$3$

$9$

$0$

$$diving

$-$

hours.

$$

Required:

Prepare a flexible budget for May.

$($

Round your answers to the nearest whole dollar.

$)$ Prepare a flexible budget for May. $($Round your answers to the nearest whole dollar.$)$ it needs to include wages and salary,supplies,equipment rental,insurance, and miscellanous