Answer Happy

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) Revenue ($410.00q) Expenses: Wages and salaries ($11,100 + $122.00q) Supplies ($4.00g) Equipment rental ($2,200 + $23.00q) Insurance ($3,900) Miscellaneous ($540+ $1.48q) Total expense Net operating income 400 $164,000 59,900 1,600 11,400 3,900 1, 132 77,932 $ 86,068 During May, the company's actual activity was 390 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.)

Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income