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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) 250
Revenue ($430.00q) $ 107,500
Expenses:
Wages and salaries ($11,500 + $124.00q) 42,500
Supplies ($6.00q) 1,500
Equipment rental ($2,400 + $21.00q) 7,650
Insurance ($3,900) 3,900
Miscellaneous ($530 + $1.42q) 885
Total expense 56,435
Net operating income $ 51,065

During May, the companys actual activity was 240 diving-hours.

Required:

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

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