- A Quilcene Oysteria Farms And Sells Oysters In The Pacific Northwest The Company Harvested And Sold 8 000 Pounds Of Oys 1 (37.56 KiB) Viewed 7 times
- A Quilcene Oysteria Farms And Sells Oysters In The Pacific Northwest The Company Harvested And Sold 8 000 Pounds Of Oys 2 (28.53 KiB) Viewed 7 times
A Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The
company harvested and sold 8,000 pounds of oysters in August. The
company's flexible budget for August appears below: For Actual pounds (4) Revenue ($4.00q) Expenses: Packing supplies ($0.50q)) Oyster bed maintenance ($3,200) Quilcene Oysteria Flexible Budget the Month Ended August 31 Wages and salaries ($2,900 + $0.30q) Shipping ($0.80q) Utilities (5830) Other ($450+ $0.05q) Total expense Net operating income. The actual results for August were as follows: Actual pounds Revenue Expenses: Quilcene Oysteria Income
Statement. For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 8,000 $ 32,000 4,000 3,200 5,300 6,400 830 850 20,580 $ 11,420 8,000 $ 35, 200 4, 200 3,100 5,640 6,950 810 980 21,680 $ 13,520
Required: Calculate the
company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income