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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

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 ($470.00q) $ 117,500
Expenses:
Wages and salaries ($12,000 + $120.00q) 42,000
Supplies ($6.00q) 1,500
Equipment rental ($2,400 + $23.00q) 8,150
Insurance ($4,100) 4,100
Miscellaneous ($540 + $1.44q) 900
Total expense 56,650
Net operating income $ 60,850

During May, the companys actual activity was 240 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

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