Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900...
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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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (g) Revenue ($4.15g) Expenses: Packing supplies ($0.30g) Oyster bed maintenance ($3,100) Wages and salaries ($2,500+ $0.30g) Shipping ($0.60g) Utilities ($1,200) Other ($470 + $0.01g) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 7,900 $ 32,785 2,370 3,100 4,870 4,740 1,200 549 16,829 $ 15,956 Actual pounds Revenue Expenses: 7,900 $ 27,200 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 2,540 2,960 5,280 4,470 1,010 1,169 17,429 Net operating income $ 9,771 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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (g) Revenue ($4.15g) Expenses: Packing supplies ($0.30g) Oyster bed maintenance ($3,100) Wages and salaries ($2,500+ $0.30g) Shipping ($0.60g) Utilities ($1,200) Other ($470 + $0.01g) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 7,900 $ 32,785 2,370 3,100 4,870 4,740 1,200 549 16,829 $ 15,956 Actual pounds Revenue Expenses: 7,900 $ 27,200 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 2,540 2,960 5,280 4,470 1,010 1,169 17,429 Net operating income $ 9,771
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