Prepare a flexible budget for 105 units.

EXERCISE 10-1 Prepare a Flexible Budget [LO1 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 31 Budgeted diving-hours (q). 100 Expenses: Supplies ($3.00q). Insurance ($3,400) Miscellaneous ($630+ $1.80g) 300 5,000 3,400 . .. .810 Required: During May, the company's activity was actually 105 diving-hours. Prepare a flexible budget for that level of activity