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 ($480.00q)	$	96,000
Expenses:
Wages and salaries ($11,900 + $126.00q)		37,100
Supplies ($4.00q)		800
Equipment rental ($2,100 + $25.00q)		7,100
Insurance ($4,100)		4,100
Miscellaneous ($520 + $1.46q)		812
Total expense		49,912
Net operating income	$	46,088

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

Required:

Prepare a flexible budget for May