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 ($11,300 + $130.00q)		43,800
Supplies ($4.00q)		1,000
Equipment rental ($2,400 + $22.00q)		7,900
Insurance ($3,800)		3,800
Miscellaneous ($530 + $1.44q)		890
Total expense		57,390
Net operating income	$	62,610

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

Required:

Prepare a flexible budget for May.