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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600...

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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) 7,600
  Revenue ($4.10q) $ 31,160
  Expenses:
      Packing supplies ($0.25q) 1,900
      Oyster bed maintenance ($3,200) 3,200
      Wages and salaries ($2,400 + $0.45q) 5,820
      Shipping ($0.70q) 5,320
      Utilities ($1,260) 1,260
      Other ($450 + $0.01q) 526
  Total expense 18,026
  Net operating income $ 13,134

   

The actual results for August appear below:

  

Quilcene Oysteria
Income Statement
For the Month Ended August 31
  Actual pounds 7,600
  Revenue $ 26,700
  Expenses:
      Packing supplies 2,070
      Oyster bed maintenance 3,060
      Wages and salaries 6,230
      Shipping 5,050
      Utilities 1,070
      Other 1,146
  Total expense 18,626
  Net operating income $ 8,074

  

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