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Puget Sound Divers is a company that provides diving services such as underwater ship repairs to...

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) 300
Revenue ($450.00q) $ 135,000
Expenses:
Wages and salaries ($11,200 + $124.00q) 48,400
Supplies ($6.00q) 1,800
Equipment rental ($2,200 + $24.00q) 9,400
Insurance ($3,800) 3,800
Miscellaneous ($530 + $1.44q) 962
Total expense 64,362
Net operating income $ 70,638

During May, the company’s actual activity was 290 diving-hours.

Required:

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

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