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 ($440.00q)	$ 88,000
Expenses:
Wages and salaries ($11,600 + $124.00q)	36,400
Supplies ($4.00q)	800
Equipment rental ($2,200 + $21.00q)	6,400
Insurance ($3,800)	3,800
Miscellaneous ($530 + $1.44q)	818
Total expense	48,218
Net operating income	$ 39,782

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 Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 0 $ 0