Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help 7,300 $ 30,295 quilcene oysteria

please help 7,300 $ 30,295 Quilcene Oysteria Flexible Budget For...

90.2K

Verified Solution

Question

Accounting

please help
image
image
7,300 $ 30,295 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.159) Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,300) Wages and salaries ($2,300 + $0.35) Shipping ($0.559) Utilities ($1,250) Other ($460 + $0.019) Total expense Net operating income 1,825 3,300 4,855 4,015 1,250 533 15,778 $ 14,517 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 26,600 Expenses: Packing supplies 1,995 Oyster bed maintenance 3,160 Wages and salaries 5, 265 Shipping 3,745 Utilities 1,060 Other 1,153 Total expense 16,378 Net operating income $ 10,222 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts as positive values.) Quilcano Oystore Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Pacing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

define recruitment and summation. describe how these affect muscle contractions

Medical Sciences
1.2K views

The condition pulmonary fibrosis is caused by the replacement of elastic fibers in the lung with...

Physics
1.2K views

A question about the amplitude graph of the pendulum: Should I say; Period does not depend...

Mechanical Engineering
1.2K views

Consider a double wedge airfoil with a maximum thickness of 5% chord at angle of attack...

Biology
1.2K views

Question 4 Points 1 Which among the founding fathers was self taught and had received...

Physics
1.2K views

An object is kept on a smooth inclined plane of inclination 0 The horizontal acceleration...

Basic Math
1.2K views

Begin by graphing f(x)= log x. Use transformations of this graph to graph the given...

Calculus
1.2K views

Given the following number as an approximate measurement 49 5 feet What is the range...

Accounting
1.2K views

A company with too loose credit policies will benefit from a substantial increase in sales...

Accounting
1.2K views

The follombegd data ain far the f vanicrompark which gelb just one prudut: The follombegd...

Accounting
1.2K views

____ 15. If 10,000 units which were 40% completed are in process at November 1;...

Finance
1.2K views

Over a year the consumer price index changed from 200 to 204 in the US....