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 31Budgeted diving-hours (q)350Revenue ($410.00q)$ 143,500Expenses: Wages and salaries ($11,100 + $120.00q)53,100Supplies ($5.00q)1,750Equipment rental ($2,000 + $21.00q)9,350Insurance ($4,100)4,100Miscellaneous ($550 + $1.44q)1,054Total expense69,354Net operating income$ 74,146

During May, the companys actual activity was 340 diving-hours.

Required:

Prepare a flexible budget for May.