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)		250
Revenue ($460.00q)	$	115,000
Expenses:
Wages and salaries ($11,700 + $124.00q)		42,700
Supplies ($3.00q)		750
Equipment rental ($2,500 + $22.00q)		8,000
Insurance ($4,100)		4,100
Miscellaneous ($520 + $1.48q)		890
Total expense		56,440
Net operating income	$	58,560

Required:

During May, the companys activity was actually 240 diving-hours. Complete the following flexible budget for that level of activity.