7. Quilcene Oysteria farms and sells oysters in th pounds of oysters in August. The cormpany's flexible budget for August appears below e Pacific Northwest. The company harvested and sold 7,000 Flexible Budget Actual pounds (q) Revenue ($4.20q) 7,000 $29,400 Expenses: Packing supplies ($0.30q) Oyster bed maintenance ($3,500) Wages and salaries ($2,500 $0.30q) Shipping ($0.70q) Utilities ($1,270) Other ($450+ $0.01q) 2,100 3,500 4,600 4,900 1,270 520 Total expense 16,890 Net operating income $12,510 The actual results for August appear below Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue 7,000 $ 27,300 Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,270 3,360 5,010 4,630 1,080 1.140 17,490