Question

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,600 Book $ 31,160 Hint Print Revenue ($4.109) Expenses : Packing supplies ($0.309) Oyster bed maintenance ($3,600) Nages and salaries ($2,300 + $0.300) Shipping (80.709) Utilities ($1,260) Other (8410 + $0.019) Total expense Net operating income 2,280 3,600 4.500 5,320 1.260 486 17,526 S 13.634 Ferences The actual results for August appear below: Quilcene Oysteria Incone Statement For the Month Ended August 31 hetual pounds 7,600 < Prey 3 of 6 !!! Next > Saw

Answer 1

Quilence Oysteria
Revenue and Spending Variances
For the month ended August 31
	$
Revenue	4,160.00	U
Expenses:
Packing Supplies	170.00	F
Oyster bed maintenance	140.00	U
Wages and Salaries	410.00	F
Shipping	270.00	U
Utilities	190.00	U
Others	620.00	F
Total Expense	600.00	F
Net Operating Income	4,760.00	U
Explanations
Quilence Oysteria
Revenue and Spending Variances
For the month ended August 31
	Actual Results	Flexible Budgets	Revenue and
	($)	($)	Spending Variances
Pounds	7,600.00	7,600.00	-
Revenue	27,000.00	31,160.00	4,160.00	U
Expenses:
Packing Supplies	2,450.00	2,280.00	170.00	F
Oyster bed maintenance	3,460.00	3,600.00	140.00	U
Wages and Salaries	4,990.00	4,580.00	410.00	F
Shipping	5,050.00	5,320.00	270.00	U
Utilities	1,070.00	1,260.00	190.00	U
Others	1,106.00	486.00	620.00	F
Total Expense	18,126.00	17,526.00	600.00	F
Net Operating Income	8,874.00	13,634.00	4,760.00	U
(Revenue - Expenses)