Exercise 9-1 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 ($11,400 + $128.00q)		37,000
Supplies ($3.00q)		600
Equipment rental ($2,100 + $21.00q)		6,300
Insurance ($3,900)		3,900
Miscellaneous ($510 + $1.50q)		810
Total expense		48,610
Net operating income	$	29,390

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

Required:

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