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)		200
Revenue ($470.00q)	$	94,000
Expenses:
Wages and salaries ($11,100 + $122.00q)		35,500
Supplies ($5.00q)		1,000
Equipment rental ($2,500 + $23.00q)		7,100
Insurance ($3,800)		3,800
Miscellaneous ($540 + $1.48q)		836
Total expense		48,236
Net operating income	$	45,764

During May, the companys actual activity was 190 diving-hours.

Required:

Prepare a flexible budget for May.