ZuoTi.Pro
Question

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in
The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,
neyuncu. Calculate the companys revenue and spending variances for August. (Indicate the effec favorable, U for unfavorabl
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Revenue and spending variance

Revenue 6180 U
Expense
packing supplies 170 U
Oyster bed maintenance 140 F
Wages and salaries 410 U
Shipping 270 F
Utilities 190 F
Others 620 U
Total expense 600 U
Net operating income 6780 U
0 0
Add a comment
Know the answer?
Add Answer to:
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900...

    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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,900 Revenue ($4.20q) 33,180 Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,500) Wages and salaries ($2,200 + $0.30q) Shipping ($0.659) Utilities ($1,240) Other ($410 + $0.01q) Total expense 2,765 3,500 4,570 5,135 1,240 489 17,699 $15,481 Net operating...

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900...

    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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,900 $ 33,575 Revenue ($4.259) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,500) Wages and salaries ($2,400 + $0.309) Shipping ($0.659) Utilities ($1,230) Other ($410 + $0.019) Total expense Net operating income 2,765 3,500 4,770 5,135 1,230 489...

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7.900...

    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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 7,900 Revenue ($4.059) * $ 31,995 Expenses: Packing supplies ($0.359) 2,765 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,300 + $0.509) 6,250 Shipping ($0.709) 5,530 Utilities ($1,220) 1,220 Other ($470 + $0.019) 549 Total expense 19,314 Net...

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300...

    Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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) 7,300 Revenue ($4.209) 9.30,660 Expenses: Packing supplies ($0.40) Oyster bed maintenance ($3,300) Wages and salaries ($2,100 + $0.45) Shipping ($0.659) Utilities ($1,240) Other ($410 + $0.019) 2,920 3,300 5,385 4,745 1,240 483 18,073 Total expense Net operating income...

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600...

    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 $31,920 2,280 3,300 Revenue ($4.209) Expenses: Packing supplies ($0.300) Oyster bed maintenance ($3,300) Wages and salaries ($2,400 + $0.30g) Shipping ($0.709) Utilities ($1,220) Other ($430 + $0.019) Total expense Net operating income 4,680 5, 320 1,220 506...

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100...

    Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August. The company's flexible budget for August appears below: Flexible Budget For the Month Ended August 31 Actual pounds (a) Revenue ($4.20q) $29,820 Packing supplies (S0.35q) Oyster bed maintenance ($3,300) Wages and salaries ($2,300 $0.50q) Shipping ($0.65q) Utilities (S1,240) Other ($480+ $0.01q) 2.485 3,300 5,850 4,615 551 Total expense Net operating income $11,779 The actual results for August appear below:...

  • Help Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold...

    Help 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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 7.900 Revenue ($4.15g) Еxpensesi Packing supplies ($0.40g) Oyster bed maintenance ($3,100) Wages and salaries ($2,500+ $0.45q) Shipping ($0.60q) Utilities ($1,240) Other ($490 +$0.01q) Total expense $ 32,785 3,160 3.100 6,055 4,740 1,240 569 18,864 $ 13,921 Net...

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400...

    Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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) 7,400 $ 29,970 Revenue ($4.059) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,100) Wages and salaries ($2,300 + $0.359) Shipping ($0.709) Utilities ($1,290) Other ($430 + $0.019) Total expense Net operating income 2,220 3,100 4,890 5,180 1,290 504...

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500...

    Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 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 (q) 7,500 Revenue ($4.15q) $ 31,125 Expenses: Packing supplies ($0.35q) 2,625 Oyster bed maintenance ($3,300) 3,300 Wages and salaries ($2,500 + $0.30q) 4,750 Shipping ($0.65q) 4,875 Utilities ($1,280) 1,280 Other ($400 + $0.01q) 475 Total expense 17,305 Net operating...

  • Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000...

    Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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) 8,000 $ 32,000 4,000 3,200 Revenue ($4.009) Expenses: Packing supplies ($0.509) Oyster bed maintenance ($3,200) Wages and salaries ($2,900 + $0.309) Shipping ($0.809) Utilities ($830) Other ($450 + $0.059) Total expense Net operating income 5,300 6,400 830 850...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT