Exercise 9-1 (Algo) Prepare a Flexible Budget [LO9-1]

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:

Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q)	200
Revenue ($390.00q)	$ 78,000
Expenses:
Wages and salaries ($11,300 + $122.00q)	35,700
Supplies ($4.00q)	800
Equipment rental ($2,100 + $25.00q)	7,100
Insurance ($4,000)	4,000
Miscellaneous ($520 + $1.44q)	808
Total expense	48,408
Net operating income	$ 29,592

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.)

rev: 07_01_2020_QC_CS-208650