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...

Extracted text: 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) 250 Revenue ($470.00q) $117,500 Expenses: Wages and salaries ($11,100 + $120.00q) Supplies ($5.00q) Equipment rental ($2,300 + $25.00q) Insurance ($4,000) Miscellaneous ($530 + $1.50q) Total expense 41,100 1,250 8,550 4,000 905 55,805 Net operating income $ 61,695 During May, the company's actual activity was 240 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income