During May the company’s activity was actually 105 diving-hours. What would a flexible budget look like for this level of activityThe planning budget for May (Ending May 31)Budgeted diving – hours (q) 100Revenue ($365.00q) $36 000Expenses: Wages and Salaries ($8 000 $125.00q) 20 500Supplies($3.00q) 300Equipment rental ($1 800 $32.00q) 5 000Insurance($3 400) 3 400Miscellaneous($630 $1.80q) 810Total Expense 30 010Net Operating Income $6 490
