Business, 20.07.2020 01:01 mitalichavez1

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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 8,000
Revenue $35,200
Expenses:
Packing supplies 4,200
Oyster bed maintenance 3,100
Wages and salaries ($2,900 + $0.309)
Shipping ($0.809)
Utilities ($830)
Other ($450 + $0.059)
Total expense 20,580
Net operating income $11,4204,000 3,200 5,300 6,400 830 850
The actual results for August appear below:
Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds 8,000
Revenue $35,200
Expenses:
Packing supplies 4,200
Oyster bed maintenance 3,100
Wages and salaries 5,640
Shipping 6,950
Utilities 810
Other 980
Total expense 21,680
Required:
Calculate the company's revenue and spending variances for August.
Quilcone Oysteria
Revenue and Spending Variances
For the Month Ended August 31
Revenue
Expenses
Packing supplies
Oyster bed maintenance
Wages and salaries
Shipping
Utilities
Other
Total expense
Net operating income

Answers: 1

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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8...

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