Puget Sound Divers provides diving services, such as underwater ship repairs, to its clients. The company$$s planning budget for May appears below:

Puget Sound Divers

Planning Budget

For the Month Ended May $31$

Budgeted diving$-$hours $($q$)100$

Revenue $($$$365\mathrm{.}00$q$)$ $ $36,500$

Expenses:

Wages and salaries $($$$8,000+$ $$125\mathrm{.}00$q$)20,500$

Supplies $($$$3\mathrm{.}00$q$)300$

Equipment rental $($$$1,800+$ $$32\mathrm{.}00$q$)5,000$

Insurance $($$$3,400)3,400$

Miscellaneous $($$$630+$ $$1\mathrm{.}80$q$)810$

Total expenses $30,010$

Net operating income $ $6,490$

During May, the company$$s actual activity was $105$ diving$-$hours.

Required:

Prepare a flexible budget for May.

Prev