Answer
Revenue & Spending Variance |
||
Revenues |
$ 4,655.00 |
U |
Expenses: |
||
Packing supplies |
$ 170.00 |
U |
Oyster bed maintenance |
$ 140.00 |
F |
Wages & Salaries |
$ 410.00 |
U |
Shipping |
$ 270.00 |
F |
Utilities |
$ 190.00 |
F |
Other |
$ 620.00 |
U |
Total Expenses |
$ 600.00 |
U |
Net Operating Income |
$ 5,255.00 |
U |
WORKING COLUMNS |
Flexible Budget |
||||||
No. of pounds |
7,700 |
||||||
Revenues |
$ 4.15 |
$ 31,955.00 |
|||||
Expenses: |
|||||||
Packing supplies |
( |
$ - |
) |
$ 0.30 |
x 7700 |
$ 2,310.00 |
|
Oyster bed maintenance |
( |
$ 3,500.00 |
) |
$ - |
x 7700 |
) |
$ 3,500.00 |
Wages & Salaries |
( |
$ 2,200.00 |
+ |
$ 0.30 |
x 7700 |
) |
$ 4,510.00 |
Shipping |
( |
$ - |
+ |
$ 0.80 |
x 7700 |
) |
$ 6,160.00 |
Utilities |
( |
$ 1,230.00 |
+ |
$ - |
x 7700 |
$ 1,230.00 |
|
Other |
( |
$ 430.00 |
) |
$ 0.01 |
x 7700 |
$ 507.00 |
|
Total Expenses |
$ 7,360.00 |
$ 1.41 |
$ 18,217.00 |
||||
Net Operating Income |
$ 13,738.00 |
Exercise 10-3 Prepare a Report Showing Revenue and Spending Variances [LO10-3] Quilcene Oysteria farms and sells...
Exercise 9-3 Prepare a Report Showing Revenue and Spending Variances [LO9-3] 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) Revenue ($4.209) 7,900 $33,180 Expenses: Packing supplies ($0.409) Oyster bed maintenance ($3,600) Wages and salaries ($2,400 + $0.259) Shipping ($0.709) Utilities ($1,300) Other ($410 + $0.019) 3,160...
Exercise 9-2 Prepare a Report Showing Revenue and Spending Variances [LO9-2] 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 Revenue ($4.009) Expensest Packing supplies (50.509) Oyster bed maintenance ($3,200) Wages and salaries ($2,900 + $0.309) Shipping ($0.809) Utilities ($830) Other ($450 + $0.059)...
Exercise 9-3 (Algo) Revenue and Spending Variances [LO9-3] 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 (q) 7,800 Revenue ($4.15q) Expenses: Packing supplies (se.30q) Oyster bed maintenance ($3,500) Wages and salaries ($2,300 $e.30q) Shipping ($e.68) Utilities ($1,260) Other ($400 +$e.01q) Total expense $32,370 2,340 3,50e 4,640 4,680...
Exercise 9-3 (Algo) Revenue and Spending Variances [LO9-3] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7700 pounds of oysters in August. The company's flexible budget for August appears below: Outlcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7, 70e $ 32,725 2,695 Revenue (54.259) Expenses: Packing supplies ($0.350) Oyster bed maintenance ($3,300) Wages and salaries ($2,400 + $0.459) Shipping ($0.709) Utilities ($1,280) Other ($500 $0.019) Total expense...
Exercise 9-3 Revenue and Spending Variances [LO9-3] 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 ($4.10q) $ 30,750 Expenses: Packing supplies ($0.35q) 2,625 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,600 + $0.45q) 5,975 Shipping ($0.65q) 4,875 Utilities ($1,210) 1,210 Other ($470 +...
EXERCISE 92 Prepare a Report Showing Revenue and Spending Variances L09 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: Quicene Oysteria Flexible Budget For the Month Ended August 31 8,000 $32,000 Actual pounds (9) .......... Revenue ($4.000)........ Expenses Packing supplies (50.500) Oyster bed maintenance ($3.200)...... Wages and salaries ($2,900 + $0.30). Shipping ($0.809) ...... Utilities ($830) Other ($450 +...
Exercise 9-3 Revenue and Spending Variances (LO9-3] 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 $ 32, 390 Revenue ($4.109) Expenses: Packing supplies ($0.300) Oyster bed maintenance ($3,100) Wages and salaries ($2,600 + $0.30q) Shipping ($0.709) Utilities ($1,270) Other ($400 + $0.019) Total expense Net...
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 $ 30,780 Revenue ($4.659) Expenses: Packing supplies ($0.409) Oyster bed maintenance ($3,500) Wages and salaries ($2,500 + $0.459) Shipping ($0.759) Utilities ($1,280) Other ($430 + $0.019) Total expense Net operating income 3,040 3,500 5,920 5,700 1,280 506...
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 7,500 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 (9) 7,500 $ 31,500 Revenue ($4.209) Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,500) Wages and salaries ($2,400 + $0.459) Shipping ($0.559) Utilities ($1,250) Other ($420 + $0.019) Total expense Net operating income 1,875 3,500 5,775 4,125 1,250 495...