Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quicene Oysteria farms and sells oysters in the Pacific Northwest. The compary harvested and sold 7 , 4 0 0 pounds of oyst August. The

Quicene Oysteria farms and sells oysters in the Pacific Northwest. The compary harvested and sold 7,400 pounds of oyst August. The company s flewble butget for August appears beion:
\table[[\table[[Qulicere Oysteris],[Ploxible B.dget],[For the Manth Ended august is]],],[Actual pounds (q),7,630],[Reverive ($4.asq),529,978],[Expenses:,],[Packife susplies (50,350),2,592],[Oyster sed masntenafice ($3,200),3,200],[hages and salaries (:$2,590+50,250:),4,350],[shippins (so.tag),4,440],[utilitien (31,210),1,210],[Othen )(9b+50.019,554],[Tetal esparae,16,344],[het epereting incone,123,625]]
The actual resuts for Augus eppear below:
Required:
Calculate be compary's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F'f favorable, "U" for untwworable, and "None" for no effect, (Le, zero yarlance), Input all amounts as positive values.)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Internal Auditing An Operational Approach

Authors: Victor Zinn Brink

3rd Edition

0471065242, 978-0471065241

More Books

Students also viewed these Accounting questions

Question

Describe what a running average is.

Answered: 1 week ago