Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company$$s planning budget for May appears below:

Puget Sound Divers

Planning Budget

For the Month Ended May $31$

Budgeted diving$-$hours $($q$)350$

Revenue $($$$470\mathrm{.}00$q$)$ $ $164,500$

Expenses:

Wages and salaries $($$$11,900+$ $$122\mathrm{.}00$q$)54,600$

Supplies $($$$4\mathrm{.}00$q$)1,400$

Equipment rental $($$$2,500+$ $$26\mathrm{.}00$q$)11,600$

Insurance $($$$3,900)3,900$

Miscellaneous $($$$530+$ $$1\mathrm{.}46$q$)1,041$

Total expense $72,541$

Net operating income $ $91,959$

During May, the company$$s actual activity was $340$ diving$-$hours.

Required:

Prepare a flexible budget for May.