Chapter 8 EXERCISE 8-2 Prepare a Report Showing Revenue and Spending Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The LOB-2) company harvested and sold pounds of oysters in August. The company's flexible budget for August appears belowe Quilcene Oysteria Flexible Budget For the Month Ended August 31 TAKE TWO 8,000 $32,000 $30,000 Expenses 4,000 3,200 5,300 6,400 830 850 20,580 Wages and salaries ($2,900+ $0.30q) Utilities ($830). Total expense.. Net operating income$11.420 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds. . . . Revenue. Expenses 8,000 4,200 Wages and salaries. Shipping. Utilities. . . . Other... 5,640 ..6,950 810 980 21,680 Net operating income$13,520 Required