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) 350 Revenue ($420.00q) $ 147,000 Expenses: Wages and salaries ($11,400 + $130.00q) 56,900 Supplies ($5.00q) 1,750 Equipment rental ($2,300 + $22.00q) 10,000 Insurance ($4,100) 4,100 Miscellaneous ($550 + $1.46q) 1,061 Total expense 73,811 Net operating income $ 73,189 During May, the companys actual activity was 340 diving-hours