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

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Accounting

uget 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) 200
Revenue ($470.00q) $ 94,000
Expenses:
Wages and salaries ($11,500 + $126.00q) 36,700
Supplies ($5.00q) 1,000
Equipment rental ($2,300 + $21.00q) 6,500
Insurance ($4,000) 4,000
Miscellaneous ($520 + $1.48q) 816
Total expense 49,016
Net operating income $ 44,984

During May, the companys actual activity was 190 diving-hours.

Required:

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

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