Question
ints 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
ints 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 (g) : eBook Revenue ($4.20g) Hint Print References Packing supplies ($0.30g). Oyster bed maintenance ($3,200) Wages and salaries (52,600 +$0.30g) Shipping (50.70g) Utilities ($1,240) Other ($440 + $0.01g) Total expense Net operating income The actual results for August were as follows: 7,800 $ 32,760 2,340 3,200 4,940 5,460 1,240 518 17,698 $15,062 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries 7,800 $26,600 2,510 3,050 5,350 Shipping Utilities Other 5,190 1,050 1,138 18,298 Total expense. Het operating income $8,302 Book Hint Print Wages and salaries Shipping Utilities Other Total expense Net operating income Required: 5,350 5,190) 1,050 1,138 18,298 $ 8,302 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 eferences Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utites Other Total expense Net operating income:
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