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 ($11,800 + $128.00q)		43,800
Supplies ($4.00q)		1,000
Equipment rental ($2,000 + $22.00q)		7,500
Insurance ($3,900)		3,900
Miscellaneous ($540 + $1.50q)		915
Total expense		57,115
Net operating income	$	57,885

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

Prepare a flexible budget for May.

Puget Sound Divers
Flexible Budget
For the Month Ended May 31
Revenue
Expenses:
Wages and salaries
Supplies
Equipment rental
Insurance
Miscellaneous
Total expense
Net operating income