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 31Budgeted diving-hours (q)250Revenue ($390.00q)$97,500Expenses:Wages and salaries ($11,700 + $128.00q)43,700Supplies ($3.00q)750Equipment rental ($2,100 + $20.00q)7,100Insurance ($4,000)4,000Miscellaneous ($530 + $1.48q)900Total expense56,450Net operating income$41,050

During May, the company's actual activity was 240 diving-hours.

Prepare flexible budget for May