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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August. The company's flexible budget
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 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 (q) Revenue ($4.10q) 7,100 $29,110 Expenses Packing supplies ($0.25q) Oyster bed maintenance ($3,500) Wages and salaries ($2,300 $0.35q) Shipping ($0.70q) Utilities ($1,220) Other ($480$0.01q) 1,775 3,500 4,785 4,970 1,220 551 Total expense 16,801 Net operating income $12,309 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue 7,100 $26,700 Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 1,945 3,360 5,195 4,700 1,030 1,171 Total expense 17,401 Net operating income $ 9,299
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