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) 400 Revenue ($430.00q) $ 172,000 Expenses: Wages and salaries ($11,600 + $122.00q) 60,400 Supplies ($4.00q) 1,600 Equipment rental ($2,400 + $24.00q) 12,000 Insurance ($4,000) 4,000 Miscellaneous ($510 + $1.46q) 1,094 Total expense 79,094

During May, the companys actual activity was 390 diving-hours.

Required:

Prepare a flexible budget for May.