Exercise 9-2 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Quilcene Oysteria farms and...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6655e6b22d9c6_6506655e6b225a62.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6655e6b278074_6506655e6b270782.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6655e6b2d0ed5_6506655e6b2cbecd.jpg)
Transcribed Image Text:
Exercise 9-2 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 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) Revenue ($4.25g). Expenses: Packing supplies ($0.35g) Oyster bed maintenance ($3,400) Wages and salaries ($2,200 $0.45g) Shipping ($0.60g) Utilities ($1,250) Other ($400 + $0.01g) Total expense Net operating income 7,800 $ 33,150 2,730 3,400 5,710. 4,680 1,250 478 18,248 $ 14,902 Exercise 9-2 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 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) Revenue ($4.25g). Expenses: Packing supplies ($0.35g) Oyster bed maintenance ($3,400) Wages and salaries ($2,200 $0.45g) Shipping ($0.60g) Utilities ($1,250) Other ($400 + $0.01g) Total expense Net operating income 7,800 $ 33,150 2,730 3,400 5,710. 4,680 1,250 478 18,248 $ 14,902
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Would a firm ever want to outsource a core product or process? Why or why not?
-
QUESTION 1: Brandon Michael Chu of Henry Law & Yang Yi Capital Limited believes that earnings and dividends at Alua Amanova & Shuwen Wang Technologies (AST) will continue to grow at 12% per year for...
-
What are the attributes of a project? AppendixLO1
-
Marston Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18 percent commission on sales; that...
-
Gold Co. purchased equipment from Marshall Co. on July 1. Gold paid Marshall $10,000 cash and signed a $100,000 noninterestbearing note payable, due in three years. Gold recorded a $24,868 discount...
-
Which of the following is true? a) When the Fed sells government bonds, the monetary base will increase. b) If the Fed decreases the interest it pays on banks' reserves, we may expect an increase in...
-
How do I record these entries? January 1: Purchased a fleet of vehicles for $350,000 via a loan from the bank. The trucks have a useful life of six years. The loan is for six years with an interest...
-
How do feedback mechanisms and performance evaluation systems contribute to individual and team development within a corporate context ?
-
How do ideological frameworks underpin political movements, and what is their role in legitimizing or challenging power structures?
-
According to the 8-step communication model, what should one do once the crisis has passed?
-
Who is PGR and what do they do? How much premium did the company (consolidated) write in the most recent complete fiscal year? Was it a good, average, or bad year for them? Comment on the premium...
-
Course: 505: MHACB Reflect upon the past couple of weeks and discuss the following: How have you applied the content that you've learned so far in the course to your workplace or job? What challenges...
-
Can the main effect of gender on weight loss be interpreted? If so, interpret the main effect, using the = 0.01 level of significance. If not, explain why not.
-
Can you reject the null hypothesis of no interactions? Explain.
-
Can the main effect of machine on the number of parts produced be interpreted? If so, interpret the main effect, using the = 0.05 level of significance. If not, explain why not.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App