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 ($420.00q)	$	147,000
Expenses:
Wages and salaries ($11,600 + $130.00q)		57,100
Supplies ($5.00q)		1,750
Equipment rental ($2,400 + $25.00q)		11,150
Insurance ($3,900)		3,900
Miscellaneous ($520 + $1.50q)		1,045
Total expense		74,945
Net operating income	$	72,055

Required:

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