Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below:

During May, the companys actual activity was 190 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 200 $ 86,000 Revenue ($430.00q) Expenses: Wages and salaries ($11,800 + $122.009) Supplies ($4.009) Equipment rental ($2,300 + $22.009) Insurance ($3,800) Miscellaneous ($540 + $1.509) Total expense 36,200 800 6,700 3,800 840 48,340 $ 37,660 Net operating income 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