Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below:

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 350 Revenue ($480.00q) $ 168,000 Expenses: Wages and salaries ($11,900 + $126.00q) 56,000 Supplies ($4.00q) 1,400 Equipment rental ($2,000 + $23.00q) 10,050 Insurance ($3,900) 3,900 Miscellaneous ($540 + $1.48q) 1,058 Total expense 72,408 Net operating income $ 95,592 During May, the company's actual activity was 340 divinghours.