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)		250
Revenue ($460.00q)	$	115,000
Expenses:
Wages and salaries ($11,100 + $124.00q)		42,100
Supplies ($4.00q)		1,000
Equipment rental ($2,100 + $25.00q)		8,350
Insurance ($3,900)		3,900
Miscellaneous ($540 + $1.50q)		915
Total expense		56,265
Net operating income	$	58,735

Required:

During May, the companys activity was actually 240 diving-hours. Complete the following flexible budget for that level of activity.

Required:

During May, the companys activity was actually 240 diving-hours. Complete the following flexible budget for that level of activity.

Puget Sound boards

Flexible Budget For the month ended may 31

Revenue:

Expenses:

Wages and Salaries

Supplies

Equipment rental

insurance

misceleneaus

Total Expense

Net income