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)		350
Revenue ($390.00q)	$	136,500
Expenses:
Wages and salaries ($11,600 + $126.00q)		55,700
Supplies ($5.00q)		1,750
Equipment rental ($2,000 + $23.00q)		10,050
Insurance ($4,200)		4,200
Miscellaneous ($520 + $1.46q)		1,031
Total expense		72,731
Net operating income	$	63,769

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

Required:

Prepare a flexible budget for May.