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) 300

Revenue ($440.00q) $ 132,000

Expenses: Wages and salaries ($11,200 + $128.00q) 49,600

Supplies ($4.00q) 1,200

Equipment rental ($2,500 + $24.00q) 9,700

Insurance ($4,100) 4,100 Miscellaneous ($540 + $1.42q) 966

Total expense 65,566

Net operating income $ 66,434

During May, the companys actual activity was 290 diving-hours.

Required:

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

\begin{tabular}{|l|} \hline \multicolumn{2}{|c|}{ Puget Sound Divers } \\ \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline \\ \hline Rer the Month Ended May 31 \\ \hline Expenses: \\ \hline Wages and salaries \\ \hline Supplies \\ \hline Equipment rental \\ \hline Insurance \\ \hline Miscellaneous \\ \hline Total expense \\ \hline Net operating income \\ \hline \end{tabular}