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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters inThe actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,Required: Calculate the companys revenue and spending variances for August. (Indicate the effect of each variance by selecti

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Answer #1

Revenue and spending variance

Revenue 6200 U
Expense
packing supplies 170 U
Oyster bed maintenance 140 F
Wages and salaries 410 U
Shipping 270 F
utilities 190 F
Other 620 U
Total expense 60 U
Net operating income 6800 U
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