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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
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 (q) Revenue ($4.20q) 7,600 $31,920 Packing supplies ($0.30q) Oyster bed maintenance (S3,400) Wages and salaries ($2,500 +S0.30q) Shipping (S0.60q) Utilities ($1,240) Other ($420 $0.01q) 2,280 3,400 4,780 4,560 1,240 496 16,756 $15,164 Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 $27,300 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities 2,450 3,260 5,190 4,290 1,050 1,116 Total expense Net operating income 9,944
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