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uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August. The companys flexible budget
uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August. The companys flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,100 Revenue ($4.10q) $ 29,110 Expenses: Packing supplies ($0.30q) 2,130 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,000 + $0.35q) 4,485 Shipping ($0.70q) 4,970 Utilities ($1,220) 1,220 Other ($450 + $0.01q) 521 Total expense 16,926 Net operating income $ 12,184 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,100 Revenue $ 27,200 Expenses: Packing supplies 2,300 Oyster bed mainten
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