ok rint D erences raw Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The...

Transcribed Image Text:

ok rint D erences raw Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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 (g) Expenses: Revenue ($4.159) Packing supplies ($0.25g) Oyster bed maintenance ($3,000) Wages and salaries ($2,000 + $0.50g) Shipping ($6.809) Utilities ($1,250) Other ($440 + $0.01g) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies 7, 200 $ 26,700 8/6 T 7,200 $ 29,880 1,800 3,000 5,600 5,760 1,250 512 17,922 $ 11,958 ysten bed, maintenance Wages and salaries Shipping utilities Total expense Net operating income Required: 2,860 6.919 5.498 1,060 18,522 5 8.1/8 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 (l.e.. zero variance). Input all amounts as positive values.) Prev 2 of 5 a Next > Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Revenue Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utlites Other Total expense Net operating income Q L PRE < Prev 2 of 5 Next > a mala NE ok rint D erences raw Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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 (g) Expenses: Revenue ($4.159) Packing supplies ($0.25g) Oyster bed maintenance ($3,000) Wages and salaries ($2,000 + $0.50g) Shipping ($6.809) Utilities ($1,250) Other ($440 + $0.01g) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies 7, 200 $ 26,700 8/6 T 7,200 $ 29,880 1,800 3,000 5,600 5,760 1,250 512 17,922 $ 11,958 ysten bed, maintenance Wages and salaries Shipping utilities Total expense Net operating income Required: 2,860 6.919 5.498 1,060 18,522 5 8.1/8 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 (l.e.. zero variance). Input all amounts as positive values.) Prev 2 of 5 a Next > Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Revenue Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utlites Other Total expense Net operating income Q L PRE < Prev 2 of 5 Next > a mala NE