AA Chapter 9 - Concepts Overview and Exercises 9 2 points ezto.mheducation.com Saved Help Save & Exit Submit Check my work Exercise 9-3 (Algo) Revenue and Spending Variances [LO9-3] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 eBook Actual pounds (q) 7,800 Revenue ($4,200) $ 32,760 Expenses: Packing supplies (50.35g) 2,730 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,400 $0.30g) 4,740 Shipping ($0.80g) 6,240 Print Utilities ($1,290) 1,290 Other (5490 $0.01) 568 Total expense 19,068 Net operating income $ 13,692 References The actual results for August were as follows: Quilcene Dysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Required: 7,000 5 26,800 2,900 3,360 5,150 5,970 1,100 1,108 19,668 $7,132 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 (ie., zero variance). Input all amounts as positive values.) AA Chapter 9 Concepts Overview and Exercises 9 Actual pounds Quilcene Oysteria Income Statement For the Month Ended August 31 ezto.mheducation.com Saved Help Save & Exit Submit Check my work 2 Revenue points Expenses: Packing supplies Oyster bed maintenance eBook Print References Wages and salaries Shipping Utilities Other Total expense Net operating income Required: 7,800 $ 26,800 2,900 3,360 5,150 5,970 1,100 1,188 19,668 $ 7,132 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 2 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utities Other Total expense Net operating income