Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company's flexible budget for August appears below: 7,900 $ 32,785 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (g) Revenue ($4.159) Expenses : Packing supplies ($0.359) Oyster bed maintenance ($3,200) Wages and salaries ($2,200 + $0.30) Shipping ($0.709) Utilities ($1,250) Other ($440 + $0.019) Total expense Net operating income 2,765 3,200 4,570 5,530 1,250 519 17,834 $ 14,951 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,900 Revenue $ 27,300 Expenses: Packing supplies 2,935 Oyster bed maintenance 3,060 Wages and salaries 4,980 Shipping 5, 260 Utilities 060 1,139 Total expense 18,434 $ 8,866 Net operating income Other Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income