Puget sound Driver is a company that procides diving services such as underwater ship repairs to client in the Puget Sound area. The company planning budget for May appears below: During May, the company actual activity was 340 diving hours. Prepare a flexible budget for May

Puget Sound Divers Planning Budget For the Month Ended May 31 \begin{tabular}{lr} Budgeted diving-hours (q) & 350 \\ Revenue ($450.00q) & $157,500 \\ Expenses: & 55,200 \\ Wages and salaries ($11,100+$126.00q) & 2,100 \\ Supplies ($6.00q) & 9,450 \\ Equipment rental ($2,100+$21.00q) & 4,000 \\ Insurance ($4,000) & 1,014 \\ Miscellaneous ($510+$1.44q) & 71,764 \\ Total expense & $85,736 \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Puget Sound Divers } \\ \hline \multicolumn{2}{|c|}{ Flexible Budget } \\ \hline \multicolumn{2}{|c|}{ For the Month Ended May 31} \\ \hline & \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Wages and salaries & \\ \hline Supplies & \\ \hline Equipment rental & \\ \hline Insurance & \\ \hline Miscellaneous & \\ \hline Total expense & $ \\ \hline Net operating income & 0 \\ \hline \end{tabular}