Question 1- 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)	400
Revenue ($430.00q)	$ 172,000
Expenses:
Wages and salaries ($12,000 + $122.00q)	60,800
Supplies ($6.00q)	2,400
Equipment rental ($2,400 + $25.00q)	12,400
Insurance ($3,800)	3,800
Miscellaneous ($530 + $1.42q)	1,098
Total expense	80,498
Net operating income	$ 91,502

During May, the companys actual activity was 390 diving-hours.

Required:

Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)