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 (q) 350 Revenue ($450.00g) Expenses: Wages and salaries ($11,300 + $120.00g) Supplies ($4.00g) Equipment rental ($2,100 + $21.00g) Insurance ($3,800) Miscellaneous ($530 + $1.46g) Total expense $157, 500 53,300 1,400 9,450 3,800 1,041 68,991 $ 88,509 Net operating income During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) During May, the company's actual activity was 340 diving-hours. 10 points Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Skipped Puget Sound Divers Flexible Budget eBook For the Month Ended May 31 Hint Actual diving-hours Print Budgeted diving-hours Supplies References Equipment rental Insurance Miscellaneous Total expense Net operating income

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Which of the following is an accurate statement about project costs? Group of answer choices Indirect costs like office space and utilities must be excluded) Budgets cannot be padded with a “miscellaneous” budget item. The budget is an estimate but may change as the project develops. Costs must be documented in tables to help readers focus on specific items.

benefits of flexible budgeting on sustainability.