Exerclse $9\mathrm{.}1($Static$)$ Prepare a Flexlble Budget $[$LO$9-1]$

Puget Sound Divers is a company that provides diving services such as underwater ship repalis 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 $($$$365\mathrm{.}09$q$)$

Expenses:

Wages and salaries $($$$8,000+$$$125.e6q),20,500$

Supplies $($$$3.$eeq$)300$

Equiprent rental $($$$1,800+$$$32\mathrm{.}08q),5,000$

Insurance $($$$3,400),3,400$

Miscellaneous $($$$630+$$$1\mathrm{.}89q)$

Total expense

Net operating incone

Durling May, the company's actual actlvity was $105$ diving$-$hours.

Required:

Prepare a flexible budget for May.