Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 8,000 $ 34,000 Revenue ($4.25) Expenses : Packing supplies ($0.309) Oyster bed maintenance ($3,200) Wages and salaries ($2,400 + $0.309) Shipping ($0.60g) Utilities ($1,270) Other ($480 + $0.019) Total expense Net operating income 2,400 3,200 4,800 4,800 1,270 560 17,030 $ 16,970 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $ 26,800 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,570 3,060 5,210 4,530 1,080 1,180 17,630 $ 9,170 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 8,000 $ 34,000 Revenue ($4.25) Expenses : Packing supplies ($0.309) Oyster bed maintenance ($3,200) Wages and salaries ($2,400 + $0.309) Shipping ($0.60g) Utilities ($1,270) Other ($480 + $0.019) Total expense Net operating income 2,400 3,200 4,800 4,800 1,270 560 17,030 $ 16,970 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $ 26,800 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,570 3,060 5,210 4,530 1,080 1,180 17,630 $ 9,170