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nevermind i figured it out! thank you anyways! Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds
nevermind i figured it out! thank you anyways!
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 Dudget For the Month Ended August 31 Actual pounds ) 8,000 $ 32,000 Revenue ($4.000) Expenses Packing supplies (50.500) Oyster bed maintenance ($3,200) Wages and salaries ($2,900 + 50.300) Shipping (50.800) Utilities (5830) Other (5450 + $0.0591 Total expense Het operating income 4,000 3,200 5,300 6,400 830 850 20,580 $11.420 The actual results for August appear below: Dailcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $ 35,200 avenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expecte Net operating income 4,200 3,100 5.640 6.950 BIO 980 21.680 $13.520 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.) Answer is complete but not entirely correct. Het operating income $ 13,520 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.) X Answer is complete but not entirely correct. Qullcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue 9000 Expenses Packing supplies 480 F Oyster bed maintenance 60 XF Wages and salaries 10 F Shipping 0 None Utilities 0 None X Other 20 F Total expense 570 F Net operating income $ 330 U xxx XXX O Step by Step Solution
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