Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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 ($4.25g) Expenses: Packing supplies ($0.25g) Oyster bed maintenance ($3,500) Wages and salaries ($2,400 + $0.50g) Shipping ($0.70g) Utilities ($1,200) Other ($420 + $0.019) Total expense Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance. Wages and salaries Shipping Utilities Other Total expense Net operating income. Required: 7,300 $ 31,025 1,825 3,500 6,050 5,110 1,200 493 18,178 $ 12,847 7,300 $ 27,200 1,995 3,360 6,460 4,840 1,010 1,113 18,778 $ 8,422