Business, 20.08.2021 02:00 QuarkyFermion

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 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) 7,700
Revenue ($4.10q) $ 31,570
Expenses:
Packing supplies ($0.25q) 1,925
Oyster bed maintenance ($3,100) 3,100
Wages and salaries ($2,100 + $0.45q) 5,565
Shipping ($0.80q) 6,160
Utilities ($1,280) 1,280
Other ($430 + $0.01q) 507
Total expense 18,537
Net operating income $ 13,033
The actual results for August appear below:
Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds 7,700
Revenue $ 26,500
Expenses:
Packing supplies 2,095
Oyster bed maintenance 2,960
Wages and salaries 5,975
Shipping 5,890
Utilities 1,090
Other 1,127
Total expense 19,137
Net operating income $ 7,363

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

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