Ouicane Oystoria fams and solls oyaters in the Paciic Northwest The company harv

Question

Ouicane Oystoria fams and solls oyaters in the Paciic Northwest The company harvestod and sold 7,600 pounds of aysters in August. The company'sflxdibla budiget for Augut appoars bolow Foxblo Budg For the Month Endad August 31 Ravenue (54154) $31,540 Expenses Packing supplies (s0.35 Opstor bad mant rance ($3.100) Wages and salaries ($2.200 + S04501 Sipping 150.70 Cthar (5430+50.01a) Total axpanse $13,094 The actual u for August appear balow For the Month Endad Augut 31 $27,400 Expenses Packing supplias Oystar bod maintananco Wagas and sailaries 1,126 Total axpanse 8,354 Requirad: Compute company's revenue and spending variances for Auqust. 0ndloete the meot of daoh variance by celooting-F', for tevorable."U" for unfavorable, and-None" for no me0t(La, zero var no, nput all amount ac poctve values.) Ravenue and Epending Varianoes Packing supplias Oystor bod maintorance lages and laries Shipping aparating incoma

Explanation / Answer

Revenue and spending variances Revenue 4140 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 4740 U

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