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

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Accounting

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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 (9) 7,700 $ 31,570 Revenue ($4.109) Expenses: Packing supplies ($0.409) Oyster bed maintenance ($3,100) Wages and salaries ($2,500 + $0.309) Shipping ($0.55) Utilities ($1,220) Other $460 + $0.019) Total expense Net operating income 3,080 3,100 4,810 4,235 1,220 537 16,982 $ 14,588 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August Actual pounds 7,700 $ 26,700 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,250 2,960 5,220 3,965 1,030 1,157 17,582 $ 9, 118 Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income

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