Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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 (9) 7,600 Revenue ($4.20g) $31,920 Expenses: Packing supplies ($0.40g) 3,040 Oyster bed maintenance ($3,300) Shipping ($0.60g) 3,300 Wages and salaries ($2,400 + $0.40g) 5,440 4,560 Utilities ($1,260) 1,260 Total expense Other ($510 + $0.01g) Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 586 18,186 $ 13,734 Actual pounds 7,600 Revenue 26,500 Packing supplies 3,210 Oyster bed maintenance 3,160 Wages and salaries 5,850 Shipping 4,290 Utilities 1,070 Other 1,206 Total expense 10,706 Net operating income $7,714