Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. quilcene oysterla farms and sells oysters in the p

Quilcene Oysterla farms and sells oysters in the Pacific Northwest. The company harvested and sold...

80.2K

Verified Solution

Question

Accounting

Quilcene Oysterla 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)
Revenue ($4.28q)
Expenses:
Packing supplies ($0.35q)
Oyster bed maintenance (}$3,200
Wages and salaries (}$2,300+$0,30q
Shipping ($0.78q)
Utilities ($1,210)
Other ($500+ $0.01q)
Total expenses
Net operating income
The actual results for August were as follows:
Required:
Calculate the company's revenue and spending variances for August.
Note: Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero
veriance). input all amounts as positive values.
image

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