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

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Accounting

ControlPuget 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)300
Revenue ($390.00q) $ 117,000
Expenses:
Wages and salaries ($11,900+ $130.00q)50,900
Supplies ($4.00q)1,200
Equipment rental ($2,400+ $21.00q)8,700
Insurance ($4,200)4,200
Miscellaneous ($530+ $1.44q)962
Total expense 65,962
Net operating income $ 51,038
During May, the companys actual activity was 290 diving-hours.
Required:
Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.)

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