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 (g) Revenue ($4.10g) Expenses: Packing supplies ($0.35g) Oyster bed maintenance ($3,500) Wages and salaries ($2,300 + $0.40g) Shipping ($0.65g) Utilities ($1,250) 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 Actual pounds Revenue Expenses: 8,000 $ 27,400 Packing supplies Wages and salaries Shipping Utilities Other Total expense 2,970 Oyster bed maintenance 3,360 5,910 4,930 1,060 1,170 19,400 Net operating income $ 8,000 8,000 $ 32,800 2,800 3,500 5,500 5,200 1,250 550 18,800 $ 14,000