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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible

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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 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 (q) Revenue ($4.10q) Expenses: Packing supplies ($0.25q) Oyster bed maintenance ($3,000) Wages and salaries ($2,500 + $0.40q) Shipping ($0.65q) Utilities ($1,220) Other ($480 + $0.01q) Total expense Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 7,000 $ 28,700 1,750 3,000 5,300 4,550 1,220 550 16,370 $ 12,330 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 7,000 $ 26,700 1,920 2,860 5,710 4,280 1,030 1,170 16,970 Net operating income. $ 9,730 Next >

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