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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)300
Revenue ($400.00q) $ 120,000
Expenses:
Wages and salaries ($11,800+ $130.00q)50,800
Supplies ($3.00q)900
Equipment rental ($2,100+ $22.00q)8,700
Insurance ($3,800)3,800
Miscellaneous ($520+ $1.46q)958
Total expense 65,158
Net operating income $ 54,842
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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