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 ($480.00q)	$ 120,000
Expenses:
Wages and salaries ($11,700 + $124.00q)	42,700
Supplies ($4.00q)	1,000
Equipment rental ($2,400 + $23.00q)	8,150
Insurance ($3,900)	3,900
Miscellaneous ($510 + $1.44q)	870
Total expense	56,620
Net operating income	$ 63,380

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

Required:

Prepare a flexible budget for May.

Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous 0 Total expense Net operating income $ 0