Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company
ID: 2527989 • Letter: Q
Question
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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 (q) 7,600 $ 31,920 Revenue ($4.20g) Expenses: Packing supplies ($0.30g) Oyster bed maintenance ($3,600) Wages and salaries ($2,000 + $0.40g) Shipping ($0.75q) Utilities ($1,210) Other ($500 $0.01q) 2,280 3,600 5,040 5,700 1,210 576 18,406 13,514 Total expense Net operating incomeExplanation / Answer
Quilcene Oysteria
Revenue and Spending Variances
For the Month Ended August 31
Revenue
4720
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
5320
U
Quilcene Oysteria
Revenue and Spending Variances
For the Month Ended August 31
Actual Results
Flexible Budget
Revenue and Spending Variances
Revenue
27200
31920
4720
U
Expenses:
Packing supplies
2450
2280
170
U
Oyster bed maintenance
3460
3600
140
F
Wages and salaries
5450
5040
410
U
Shipping
5430
5700
270
F
Utilities
1020
1210
190
F
Other
1196
576
620
U
Total expense
19006
18406
600
U
Net operating income
8194
13514
5320
U
Quilcene Oysteria
Revenue and Spending Variances
For the Month Ended August 31
Revenue
4720
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
5320
U
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