Exercise 9-3 Revenue and Spending Variances [LO9-3] 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: Qullcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,600 Revenue (54.209) $ 31,920 Expenses: Packing supplies ($0.309) 2,280 Oyster bed maintenance ($3,200) 3,200 Wages and salaries (52,200 + $0.359) 4,860 Shipping (59.659) 4,940 Utilities ($1,280) 1,280 Other (8420 + $0.019) Total expense 17,056 $ 14,864 Net operating income The actual results for August appear below. Qullcene Oysteria Income Statement For the Month Ended August 31 2Fnewconnect.mheducation.com%252F#/acti. HW Seved Help Save & Ex Chec Qullcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 $ 26,700 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,450 3,060 5,270 4,670 1,090 1,116 17.656 $ 9,044 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 (.e., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Darvinn ennlice Net operating income 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.) 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 Check my world Exercise 9-9 Planning Budget [L09-1] Wyckam Manufacturing Inc has provided the following information concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour $ 42,300 Direct materials Direct labor Supplies Utilities Depreciation Insurance $ 0.20 $ 0.30 $ 1,200 $ 15,100 $ 11,200 For example, utilities should be $1,200 per month plus $0.30 per machine-hour. The company expects to work 4,400 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Inc. Planning Budget for Manufacturing Costs For the Month Ended June 30 HW Saved Help Save C Insurance $ 11,200 For example, utilities should be $1,200 per month plus $0.30 per machine-hour. The company expects to work 4.400 machine hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Inc. Planning Budget for Manufacturing Costs For tho Month Ended June 30 Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0 Check my work Exercise 9-12 Activity Variances [LO9-2] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs Fixed Cost per Month $1,000 Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.40 $0.99 $0.20 $0.se $4,200 $8,300 $1,900 $1,600 $0.01 For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.90 per car washed. The company actually washed 8.400 cars in August Required: Calculate the company's activity 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 os positive values.) Lavage Rapido Activity Variances For the Month Ended August 31 Check my work Required: Calculate the company's activity 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.) Lavigo Rapide Activly Variance For the Month Ended August 31 Revenue Expenses Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income