10 Exercise 9-1 Prepare a Flexible Budget (LO9-1] 0.59 points 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) Revenue (5420.00) $126,000 1. Wages and salaries ($11.200+ $126.000) Supplies ($6.000) Equipment rental (12,100 $25.00) Insurance (14,000) Miscellaneous (5550 + $1.50) Total expense et operating Income 65,400 160.600 During May, the company's actual activity was 290 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 Chapter 9 - Homework 10 Total expense Net operating income $60.600 During May, the company's actual activity was 290 diving-hours. 0.59 points 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 Wages and salaries Equipment Rental Insurance Miscellaneous Total expense Net operating income s