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Halifax Harbour Divers provides diving services such as underwater ship repairs to clients in the...

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Accounting

Halifax Harbour Divers provides diving services such as underwater ship repairs to clients in the harbour and nearby south shore. The companys planning budget for May appears below:
Halifax Harbour Divers
Flexible Budget
For the Month Ended May 31
Budgeted diving-hours (q)250
Revenue ($430.00q) $ 107,500
Expenses:
Wages and salaries ($11,800+ $120.00q)41,800
Supplies ($4.00q)1,000
Insurance ($4,000)4,000
Miscellaneous ($510+ $1.44q)870
Total expense 55,820
Net operating income $ 51,680
During May, the companys actual activity was 240 diving-hours.
Required:
Prepare a flexible budget for May.

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