Question

Exercise 9-3 (Algo) Revenue and Spending Variances [LO9-3] Quilcene Oysteria farms and sells oysters in the Pacific Northwest
The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,
points Calculate the companys revenue and spending variances for August. (Indic favorable, U for unfavorable, and None f
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Answer #1

Revenue and spending variance

Revenue (32725-27400) 5325 U
Expenses
Packing supplies (2695-2865) 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 5925 U
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