- Quilcene Oysteria Farms And Sells Oysters In The Pacific Northwest The Company Harvested And Sold 8 000 Pounds Of Oyste 1 (42.92 KiB) Viewed 9 times
- Quilcene Oysteria Farms And Sells Oysters In The Pacific Northwest The Company Harvested And Sold 8 000 Pounds Of Oyste 2 (26.64 KiB) Viewed 9 times
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: Actual pounds (g) Revenue ($4.20g) Expenses: Packing supplies ($0.35g) Oyster bed maintenance ($3,000) Wages and salaries ($2,500+ $0.45g) Shipping ($0.65g) Utilities ($1,290) Other ($450+ $0.01g) Total expense Net operating income The actual results for August were as follows: Actual pounds Revenue Quilcene Oysteria Flexible Budget For the Month Ended August 31 Expenses: Shipping Utilities Quilcene Oysteria Income
Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Other Total expense Net operating income 8,000 $33.600 2,800 3,000 6,100 5,200 1,290 530 18,920 $ 14,680 8,000 $ 27,000 2,970 2,860 6,510 4,930 1,100 1,150 19,520 $ 7,480
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 Usities Other Total expense Net operating income