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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold...

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Accounting

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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)7,300
Revenue ($4.10q) $ 29,930
Expenses:
Packing supplies ($0.35q)2,555
Oyster bed maintenance ($3,500)3,500
Wages and salaries ($2,100+ $0.45q)5,385
Shipping ($0.70q)5,110
Utilities ($1,200)1,200
Other ($460+ $0.01q)533
Total expense 18,283
Net operating income $ 11,647

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