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please help Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's
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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: Qui cene Oysteria Flexible budget For the Month Ended August 31 Actual pounds (9) 7,300 Revenue (54.159) $ 30,295 Expensest Packing supplies (50.300) 2,190 Oyster bed maintenance ($3,500) 3,500 ages and salaries ($2,000+ $0.359) 4,555 Shipping (50.754) 5,475 Utilities (51,240) 1,240 Other (5410 + $0.019) Total expense 17.443 Net operating income $ 12,852 The actual results for August appear below 483 Qullene Oyster Inco Statement For the Month Ended August Actual pounds Revenue Expenses Palding supplies 7.300 $ 27.400 443 $ 12,852 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 27,400 Expenses: Packing supplies 2,360 Oyster bed maintenance 3,360 Wages and salaries 4,965 Shipping 5,205 Utilities 1,050 Other 1,103 Total expense 18,043 Net operating income $ 9,357 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amou 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 (ie, 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 Uites Other Total expense Not operating income Step by Step Solution
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