For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($380.00q) Expenses: Wages and salaries ($11,500+ $124.00q) Supplies ($5.00q) Equipment rental ($2,100 + $24.00q) Insurance ($4,000) Miscellaneous ($540+ $1.46q) Total expense Net operating income During May, the company's actual activity was 240 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: 250 $ 95,000 Wages and salaries Supplies Equipment rental Insurance 42,500 1,250 8,100 4,000 905 56,755 $ 38,245