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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
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) Revenue($4.10q) 7,700 $31,570 Packing supplies (S0.35q) Oyster bed maintenance (S3,600) Wages and salaries ($2,200 $0.40q) Shipping (S0.70q) Utilities ($1,230) Other ($440 S0.01q) 2,695 3,600 5,280 5,390 1,230 517 Total expense 18,712 Net operating income $12,858 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue 7,700 26,800 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,865 3,460 5,690 5,120 1,040 1,137 19,312 Total expense Net operating income $ 7,488
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