Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company
ID: 2411108 • Letter: Q
Question
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company’s flexible budget for August appears below:
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company’s flexible budget for August appears below:
Required Compute the company's revenue and spending variances for August. Indicate the effect of each variance by selecting "F" for favorable, " for unfavorable, and "None" for no effect (.e, zero variance). Input all amounts as positive values.) Qullcens Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Wages and ???, Other Total expense Net operating incomeExplanation / Answer
Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue 5,385 U Expenses Packing Supplies 170 U Oyster bed maintenance 140 F Wages and salaries 410 U Shipping 270 F Utilities 190 F Other 620 U Total expense 600 U Net operating income 5,985 U Explanation Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Actual Results Flexible Budget Revenue and Spending Variances Pounds 7900 Revenue @ 4.15q 27,400 32785 5,385 U Expenses Packing Supplies @0.25 2,145 1975 170 U Oyster bed maintenance 3,260 3,400 140 F Wages and salaries 4,880 4,470 410 U Shipping 4,075 4,345 270 F Utilities 1,090 1,280 190 F Other 1,119 499 620 U Total expense 16569 15969 600 U Net operating income 10831 16816 5,985 U
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