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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) 300
Revenue ($410.00q) $ 123,000
Expenses:
Wages and salaries ($11,600 + $124.00q) 48,800
Supplies ($3.00q) 900
Equipment rental ($2,000 + $22.00q) 8,600
Insurance ($3,900) 3,900
Miscellaneous ($510 + $1.48q) 954
Total expense 63,154
Net operating income $ 59,846

During May, the companys actual activity was 290 diving-hours.

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