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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7 , 4 0 0 pounds of oysters in August.
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold pounds of oysters in August. The companys flexible budget for August appears below:
Quilcene Oysteria
Flexible Budget
For the Month Ended August
Actual pounds q
Revenue $q $
Expenses:
Packing supplies $q
Oyster bed maintenance $
Wages and salaries $ $q
Shipping $q
Utilities $
Other $ $q
Total expense
Net operating income $
The actual results for August appear below:
Quilcene Oysteria
Income Statement
For the Month Ended August
Actual pounds
Revenue $
Expenses:
Packing supplies
Oyster bed maintenance
Wages and salaries
Shipping
Utilities
Other
Total expense
Net operating income $
Required:
Calculate the companys revenue and spending variances for August.
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold pounds of oysters in
August. The company's flexible budget for August appears below:
The actual results for August appear below:
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.
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