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)		300
Revenue ($450.00q)	$	135,000
Expenses:
Wages and salaries ($11,900 + $126.00q)		49,700
Supplies ($5.00q)		1,500
Equipment rental ($2,200 + $25.00q)		9,700
Insurance ($4,100)		4,100
Miscellaneous ($510 + $1.50q)		960
Total expense		65,960
Net operating income	$	69,040

Required:

During May, the companys activity was actually 290 diving-hours. Complete the following flexible budget for that level of activity.