Ans:
Revenue and Spending Variances | ||||
For the Month Ended August 31 | ||||
Revenue | -4,990 | U | ||
Expenses | ||||
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 | -5,590 | U | ||
Explanation | ||||
Quilcene Oysteria | ||||
Revenue and Spending Variances | ||||
For the Month Ended August 31 | ||||
Actual Results | Flexible | Revenue and Spending Variances | ||
Budget | ||||
Pounds | 7900 | |||
Revenue @ 4.10q | 27,400 | 32390 | -4,990 | U |
Expenses | ||||
Packing Supplies @0.30 | 2,540 | 2370 | -170 | U |
Oyster bed maintenance | 2,960 | 3,100 | 140 | F |
Wages and salaries | 5,380 | 4,970 | -410 | U |
Shipping | 5,260 | 5,530 | 270 | F |
Utilities | 1,080 | 1,270 | 190 | F |
Other | 1,099 | 479 | -620 | U |
Total expense | 18319 | 17719 | -600 | U |
Net operating income | 9,081 | 14671 | -5,590 | U |
Exercise 9-3 Revenue and Spending Variances (LO9-3] Quilcene Oysteria farms and sells oysters in the Pacific...
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 9-3 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 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...
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...
9-3 Exercise 9-3 Revenue and Spending Variances [LO9-3) Qulcene 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 () ඉසිපල ) Revenue ($4.209) Expenses: Packing supplies (Se.359) Oyster bed maintenance ($3,100) Wapes and salaries (12,500 se. Shipping ($e.689) Utilities ($1,290) Other (5470 .se.01) Total expense Net operating income $...
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 7,200 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) 7,200 Revenue ($4.10q) $ 29,520 Expenses: Packing supplies ($0.30q) 2,160 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,300 + $0.30q) 4,460 Shipping ($0.80q) 5,760 Utilities ($1,240) 1,240 Other ($460 + $0.01q) 532 Total expense 17,152 Net operating...
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...
Please help! 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 $ 31,160 Revenue ($4.10g) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,000) Wages and salaries ($2,000 + $0.309) Shipping ($0.709) Utilities ($1,270) Other ($ 490 + $0.019) Total expense Net operating income 2,660 3,000 4,280...