Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold...
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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 (g) 7,400 $31,080 Revenue ($4.20q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,100) Wages and salaries ($2,500 $0.30q) Shipping ($0.80g) Utilities ($1,280) Other ($430 $0.01q) 2,590 3,100 4,720 5,920 1,280 504 18.114 Total expense Net operating income $12,966 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 $27,200 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,760 2,960 5,130 5,650 1,090 1.124 18,714 $ 8,486 Total expense Net operating income
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