Question
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August. The company's flexible
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 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) Revenue ($4.05q) Expenses: Packing supplies ($0.25q) Oyster bed maintenance ($3,100) Wages and salaries ($2,300 + $0.30q) Shipping ($8.75q) Utilities ($1,270) Other ($430 $0.019) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 311 Actual pounds Revenue Expenses: 7,100 $ 26,600 Packing supplies Wages and salaries Shipping Utilities Other Total expense 1,945 Oyster bed maintenance 2,960 4,840 5,055 1,080 1,121 17,001 Net operating income $ 9,599 Required: 7,100 $ 28,755 1,775 3,100 4,430 5,325 1,270 501 16,401 $ 12,354
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