Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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) 7.400 $ 29,970 Revenue ($4.059) Expenses Packing supplies (50.409) Oyster bed naintenance ($3,300) Wages and salaries ($2,100 + $0.459) Shipping ($0.80) Utilities ($1,220) Other ($430 + $0.01) Total expense Not operating income 2,960 3,300 5,430 5,920 1, 220 504 19,334 $10,636 The actual results for August appear below: Qui cene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 $ 27,100 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Tet operating Income 3,130 3,160 5,840 5,650 1.030 1.124 19,934 $7,166