Please see attachment

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below:

Puget Sound Divers

Planning Budget

For the Month Ended May 31Budgeted diving-hours (q)350Revenue ($450.00q)$157,500Expenses:Wages and salaries ($11,600 + $126.00q)55,700Supplies ($4.00q)1,400Equipment rental ($2,300 + $24.00q)10,700Insurance ($4,100)4,100Miscellaneous ($500 + $1.48q)1,018Total expense72,918Net operating income$84,582

Required:During May, the company's activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity.