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: For the Month Ended August 31 Actual pounds (q) Revenue ($4.15q) 7,600 $31,540 Packing supplies (S0.30q) Oyster bed maintenance (S3,500) Wages and salaries ($2,100$0.40q) Shipping (SO.70q) Utilities ($1,260) Other ($400 $0.01q) 2,280 3,500 5,140 5,320 1,260 476 17.976 $13,564 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 Packing supplies Oyster bed maintenance Wages and salaries Shipping 2,450 3,360 5,550 5,050 ,070 1,096 Net operating income S 8,724