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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
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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