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)		250
Revenue ($460.00q)	$	115,000
Expenses:
Wages and salaries ($11,100 + $126.00q)		42,600
Supplies ($4.00q)		1,000
Equipment rental ($2,400 + $24.00q)		8,400
Insurance ($4,100)		4,100
Miscellaneous ($500 + $1.48q)		870
Total expense		56,970
Net operating income	$	58,030

During May, the companys actual activity was 240 diving-hours.

Prepare a flexible budget for May.