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 (g) 7,600 Revenue ($4.15g) $ 31,540 Expenses: Packing supplies ($0.25g) 1,900 Oyster bed maintenance ($3,400) 3,400 Wages and salaries ($2,300 + $0.30g) 4,580 Shipping ($0.65g) 4,940 Utilities ($1,270) 1,270 Other ($420 + $0.01g) 496 Total expense Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 16,586 $ 14,954 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 7,600 $ 26,900 2,070 3,260 4,990 4,670 1,080 1,116 17,186 $ 9,714