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 ($450.00q) $ 112,500 Expenses: Wages and salaries ($11,600 + $122.00q) 42,100 Supplies ($5.00q) 1,250 Equipment rental ($2,000 + $22.00q) 7,500 Insurance ($4,200) 4,200 Miscellaneous ($510 + $1.44q) 870 Total expense 55,920 Net operating income $ 56,580 During May, the companys actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

Puget Sound Divers
Flexible Budget
For the Month Ended May 31
Revenue
Expenses:
Wages and salaries
Supplies
Equipment rental
Insurance
Miscellaneous
Total expense
Net operating income