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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

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 ($470.00q) $ 117,500 Expenses: Wages and salaries ($11,100 + $130.00q) 43,600 Supplies ($5.00q) 1,250 Equipment rental ($2,100 + $25.00q) 8,350 Insurance ($3,900) 3,900 Miscellaneous ($500 + $1.50q) 875 Total expense 57,975 Net operating income $ 59,525 During May, the companys actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)

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