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: Budgeted diving-hours (q) Revenue ($430.00q) Expenses: Wages and salaries ($11,600 + $126.00q) Puget Sound Divers Planning Budget For the Month Ended May 31 Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Supplies ($4.00q) Equipment rental ($2,200 + $25.00q) Insurance ($3,900) Miscellaneous ($550 + $1.48q) Total expense Net operating income During May, the company's actual activity was 290 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income 300 $ 129,000 49,400 1,200 9,700 3,900 994 65,194 $ 63,806

Puget Sound Divers is a company that provides diving servic: The company's planning budget for May appears below During May, the company's actual activity was 290 diving-hours. Required: Prepare a fexible budget for May. (Round your answers to the nearest whole number.)