Question

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 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) 7,800 $ 32,760 Revenue ($4.20g) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,100) Wages and salaries ($2,500 + $0.309) Shipping ($0.600) Utilities ($1,240) Other ($450 + $0.019) Total expense Net operating income 2,340 3,100 4,840 4,680 1, 240 528 16,728 $ 16,032 The actual results for August appear below:

Answer 1

Solution

Quilcene Oysteria
Revenues and Spending Variance
For the Month ended August 31
Revenue	$ 5,760.00	U
Expenses:
Packing supplies	$ 170.00	U
Oyster Bed Maintenance	$ 140.00	F
Wages and Salaries	$ 410.00	U
Shipping	$ 270.00	F
Utilities	$ 190.00	F
Other	$ 620.00	U
Total Expenses	$ 600.00	U
Net Operating Income	$ 6,360.00	U