Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Check my work 2 Vulcere Uysteld als alu Sens wysleis III lie racirl NOI LIVESL. He Lupany Ildivesteu alu sulu 1,500 pounus vi vysler III
Check my work 2 Vulcere Uysteld als alu Sens wysleis III lie racirl NOI LIVESL. He Lupany Ildivesteu alu sulu 1,500 pounus vi vysler III August. The company's flexible budget for August appears below: 2.33 points 7,500 $ 30,750 eBook Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.109) Expenses : Packing supplies ($0.309) Oyster bed maintenance ($3,200) Wages and salaries ($2,500 + $0.359) Shipping ($0.809) Utilities ($1,230) Other ($ 430 + $0.019) Total expense Net operating income Hint 2,250 3,200 5, 125 6,000 1,230 505 18,310 $ 12,440 Print References The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 26,800 Expenses: Packing supplies 2,420 Oyster bed maintenance 3,060 Wages and salaries 5,535 Shipping 5,730 Utilities 1,040 Other 1,125 Total expense 18,910 --------------- $ 7,890 Check my work 2 vacking supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,420 3,060 5,535 5,730 1,040 1,125 18,910 $ 7,890 2.33 points eBook Required: 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 (i.e., zero variance). Input all amounts as positive values.) Hint Print References Quilcene 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started