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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 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 7,700 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) 7,700 Revenue ($4.10g) $31,570 Expenses: Packing supplies ($0.40g) 3,080 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,100 + $0.40g) 5,180 Shipping ($0.65g) 5,005 Utilities ($1,290) 1,290 Other ($450 + $0.01g) 527 Total expense 18,282 Net operating income $13,288 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $26,700 Expenses Packing supplies 3,250 Oyster bed maintenance 3,060 Wages and salaries 5,590 Shipping 4,735 Utilities Other Total expense 1,100 1,147 18,002

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