Yes, it can be. This is a passive device. I made this for a friend that was having your problem.
The reason is, most PC's have a sound card with a LINE OUT and LINE IN. These are constant level in/out that do not change with volume settings. The line in is made for a certain signal level, and is looking for a signal level much higher than a microphone. It is looking from the line level from the radio.
But with a laptop, no LINE IN, it has a microphone jack for audio in. Mics produce a much lower signal level than the radio's Line Level Out. The line level out overpowers the microphone input, causing distortion.
Some PC's do not have Line In, Line Out. They have microphone in and headphone out, like a laptop. And headphone out is too strong for the line in of the radio. Not only that, it is variable with the volume setting from the computer.
This two way attenuator fixes that problem.
In receive, set your sliders in your computer halfway up. Then adjust the pot on the attenuator for the receive side for best contrast on the waterfall. Too high, and everything washes out. Too low, and you can't see the weak signals. Play with that a bit. Now leave it in that setting from now on, and use the windows slider. You have room to go up and down with it.
For tx, have the radio on full power, 100 watt setting. turn the attenuator knob for transmit all the way down. Set the Tx slider in windows halfway. Now, transmitting, gradually bring up the Tx pot ont he attenuator until you have about 20-25 watts indicated output (power meter). Now leave the attenuator knob as is from here on out, and do any fine tuning with the slider in Windows. Again, you have room now to go up and down.