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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

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 ($480.00q) $ 144,000
Expenses:
Wages and salaries ($11,100 + $124.00q) 48,300
Supplies ($5.00q) 1,500
Equipment rental ($2,100 + $26.00q) 9,900
Insurance ($4,100) 4,100
Miscellaneous ($520 + $1.46q) 958
Total expense 64,758
Net operating income $ 79,242

Required:

During May, the companys activity was actually 290 diving-hours. Complete the following flexible budget for that level of activity.

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