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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in
Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $ 35, 2ee Revenue Expenses: Packing supp
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QUILCENE OYSTERIA FARMS
Revenue & Spending Variance
For the month ended August 31
Particulars Flexible Budget Actual Results Variances Remark
$ $
Revenue 32000 35200 3200 Favorable
Less:-Expenses
Packing Supplies 4000 4200 -200 Unfavorable
Oyster bed maintenance 3200 3100 100 Favorable
Wages & salaries 5300 5640 -340 Unfavorable
Shipping 6400 6950 -550 Favorable
Utilities 830 810 20 Favorable
Other 850 980 -130 Unfavorable
Total Expenses 20580 21680 -1100 Unfavorable
Net Operating Income 11420 13520 2100 Favorable
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