Homework Answers
| Quilcene Oysteria | ||
| Revenue and Spending variances | ||
| For the month ended August 31 | ||
| Revenue ( 32785 - 26900 ) | 5885 | U |
| Expenses : | ||
| Packing supplies ( 3160 - 3330 ) | 170 | U |
| Oyster bed maintenance ( 3100 - 2960 ) | 140 | F |
| Wages and salaries ( 6055 - 6465 ) | 410 | U |
| Shipping ( 4740 - 4470 ) | 270 | F |
| Utilities ( 1240 - 1050 ) | 190 | F |
| Other ( 569 - 1189 ) | 620 | U |
| Total expenses ( 18864 - 19464 ) | 600 | U |
| Net operating income ( 13921 - 7436 ) | 6485 | U |
| When Actual revenue is greater than budgeted revenue then revenue variance is favorable and when actual revenue is less than the budgeted revenue then revenue variance is unfavorable. |
| When Actual cost is greater than the budgeted cost then cost variance is unfavorable and when actual cost is less than the budgeted cost then cost variance is favorable. |
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Help Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900...
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 7,900...
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 $33,180 2,765 3,300 Revenue (54.289) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,300) Wages and salaries ($2,300 + $0.50) Shipping ($0.609) Utilities ($1,240) Other (5460 + $0.019) Total expense Net operating income 6,250 4,740 1, 240 539...
Check Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold...
Check Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: 7,300 $ 29,565 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue (54.859) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,100) Wages and salaries ($2,200 + $0.489) Shipping ($0.650) Utilities (51,240) Other ($460 + $0.019) Total expense Net operating income 2,555 3,100 5,120 4,745 1,240...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400...
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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,400 Revenue ($4.15q) $ 30,710 Expenses: Packing supplies ($0.30q) 2,220 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,200 + $0.45q) 5,530 Shipping ($0.70q) 5,180 Utilities ($1,240) 1,240 Other ($410 + $0.01q) 484 Total expense 17,754 Net operating...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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) 7,300 Revenue ($4.209) 9.30,660 Expenses: Packing supplies ($0.40) Oyster bed maintenance ($3,300) Wages and salaries ($2,100 + $0.45) Shipping ($0.659) Utilities ($1,240) Other ($410 + $0.019) 2,920 3,300 5,385 4,745 1,240 483 18,073 Total expense Net operating income...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200...
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...
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...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800...
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 (9) 7,800 $ 32,760 Revenue ($4.20g) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,100) Wages and salaries ($2,500 + $0.309) Shipping ($0.600) Utilities ($1,240) Other ($450 + $0.019) Total expense Net operating income 2,340 3,100 4,840 4,680 1, 240...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600...
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 (q) 7,600 $ 31,160 Revenue ($4.10q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,600) Wages and salaries ($2,200 $0.45q) Shipping ($0.65q) Utilities ($1,240) Other ($420 $0.01q) 2,660 3,600 5,620 4,940 1,240 496 18,556 $12,604 Total expense Net operating income...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000...
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 (q) 8,000 Revenue ($4.25q) $ 34,000 Expenses: Packing supplies ($0.35q) 2,800 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,400 + $0.50q) 6,400 Shipping ($0.70q) 5,600 Utilities ($1,240) 1,240 Other ($490 + $0.01q) 570 Total expense 20,110 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 (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 7,900 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 $33,180 2,765 3,300 Revenue (54.289) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,300) Wages and salaries ($2,300 + $0.50) Shipping ($0.609) Utilities ($1,240) Other (5460 + $0.019) Total expense Net operating income 6,250 4,740 1, 240 539...
Check Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: 7,300 $ 29,565 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue (54.859) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,100) Wages and salaries ($2,200 + $0.489) Shipping ($0.650) Utilities (51,240) Other ($460 + $0.019) Total expense Net operating income 2,555 3,100 5,120 4,745 1,240...
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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) 7,300 Revenue ($4.209) 9.30,660 Expenses: Packing supplies ($0.40) Oyster bed maintenance ($3,300) Wages and salaries ($2,100 + $0.45) Shipping ($0.659) Utilities ($1,240) Other ($410 + $0.019) 2,920 3,300 5,385 4,745 1,240 483 18,073 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 (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...
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 (9) 7,800 $ 32,760 Revenue ($4.20g) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,100) Wages and salaries ($2,500 + $0.309) Shipping ($0.600) Utilities ($1,240) Other ($450 + $0.019) Total expense Net operating income 2,340 3,100 4,840 4,680 1, 240...
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 (q) 7,600 $ 31,160 Revenue ($4.10q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,600) Wages and salaries ($2,200 $0.45q) Shipping ($0.65q) Utilities ($1,240) Other ($420 $0.01q) 2,660 3,600 5,620 4,940 1,240 496 18,556 $12,604 Total expense Net operating income...
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