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uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget
uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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) 7,300 Revenue ($4.20q) $ 30,660 Expenses: Packing supplies ($0.309) 2,190 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,100 + $0.30q) 4,290 Shipping ($0.75q) 5,475 Utilities ($1,280) 1,280 Other ($470 + $0.019) 543 Total expense 16,778 $ 13,882 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: 7,300 $ 26,800 Packing supplies Wages and salaries Shipping Utilities Other 2,360 Oyster bed maintenance 2,860 4,700 5,205 1,090 1,163 Total expense 17,378 Net operating income $ 9,422 Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income
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