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

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 350 Revenue ($430.00q) $ 150,500 Expenses: Wages and salaries ($11,400 + $130.00q) 56,900 Supplies ($5.00q) 1,750 Equipment rental ($2,300 + $21.00q) 9,650 Insurance ($3,800) 3,800 Miscellaneous ($520 + $1.48q) 1,038 Total expense 73,138 Net operating income $ 77,362 During May, the company’s actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

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Puget Sound Divers Flexible Budget For the Month Ended May 31 Diving hours (9) 340 $ 146,200 $ Revenue ($430.00*q) Expenses:

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