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)		350
Revenue ($450.00q)	$	157,500
Expenses:
Wages and salaries ($11,200 + $120.00q)		53,200
Supplies ($3.00q)		1,050
Equipment rental ($2,100 + $24.00q)		10,500
Insurance ($4,000)		4,000
Miscellaneous ($510 + $1.46q)		1,021
Total expense		69,771
Net operating income	$	87,729

Required:

During May, the companys activity was actually 340 diving-hours. Complete the following flexible budget for that level of activity.

Puget sound driver

flexible budget

for the month ended in may 31

Revenue

Expenses

Wages and salaries

supplies

equipment rental

insurance

miscelleaneus

total expense

net income