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

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Accounting

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) 350
Revenue ($400.00q) $ 140,000
Expenses:
Wages and salaries ($11,800 + $128.00q) 56,600
Supplies ($4.00q) 1,400
Equipment rental ($2,100 + $21.00q) 9,450
Insurance ($3,900) 3,900
Miscellaneous ($510 + $1.46q) 1,021
Total expense 72,371
Net operating income $ 67,629

During May, the companys actual activity was 340 diving-hours.

Required:

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

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