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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company's flexible budget
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company's flexible budget for August appears below 7.900 $ 32,390 Qullcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue (54.100) Expenses: Packing supplies (50.404) Oyster bed maintenance (53,200) Wages and salaries ($2,300 - 50.259) Shipping (50.809) Utilities ($1,200) Other (5500 + $0.019) Total expense Net operating income The actual results for August appear below 3,160 3,200 4,275 6,320 1,200 579 18,814 $ 13,578 Quilcene Oysteria Incoee Statement For the Month Ended August 31 Actual pounds 7,900 Revenue $ 26, Expenses Packing supplies 3,330 Oyster bed maintenance 3,060 Wages and salaries 4,685 Shipping 6,050 Utilities Other 1,199 Total expense 19,414 Net Operating income 5.7,386 1,090 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 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries + Shipping Ult Other Total expense Net operating income
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