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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 ($480.00q) $ 168,000
Expenses:
Wages and salaries ($11,100 + $124.00q) 54,500
Supplies ($5.00q) 1,750
Equipment rental ($2,300 + $24.00q) 10,700
Insurance ($3,800) 3,800
Miscellaneous ($530 + $1.48q) 1,048
Total expense 71,798
Net operating income $ 96,202

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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