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) 7,100 $ 28,755 Revenue ($4.059) Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,200) Wages and salaries ($2,200 + $0.509) Shipping ($0.609) Utilities ($1,260) Other ($430 + $0.019) Total expense Net operating income 1,775 3,200 5,750 4,260 1,260 501 16,746 $ 12,009 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,100 $ 26,700 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 1,945 3,060 6,160 3,990 1,070 1,121 17,346 $ 9,354