Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area The company's planning budget for May appears below Puget Sound Divers Planning Budget For the Month Ended May 31 100 36,500 20,500 Budgeted diving-hours (q) Revenue ($365.00q) Expenses: Wages and salaries ($8,000 + $125.00q) Supplies (3.00q) Equipment rental ($1,800 +$32.00g) Insurance ($3,400) Miscellaneous ($630 + $1.80g) 5,000 3,400 810 30,010 $ 6,490 Total expense Net operating income During May, the company's actual activity was 105 diving-hours Required Prepare a flexible budget for May