Question

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: ml 10 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) points 7,400 Skipped $ 31,450 eBook Revenue ($4.259) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,200) Wages and salaries ($2,100 + $0.259) Shipping ($0.759) Utilities ($1,220) Other ($420 + $0.019) Total expense Net operating income Hint 2,590 3,200 3,950 5,550 1,220 494 17,004 $ 14,446 Print References The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 $ 26,800 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 2,760 3,060 4,360 5,280 1,030 1,114 17,604 9,196 $ Net operating income

Answer 1

Revenue and spending variance

Revenue	4650 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	600 U
Net operating income	5250 U