uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold...
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uilcene 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 for the Actual pounds (e) Revenue (4) Expenses: Packing supplies (154) Oyster bed maintenance ($3,300) Mages and salaries ($2,300 $0.500) Shipping (0.70) utilities ($1,270) other ($490 sem Total expense Net operating income The actual results for August appear below: Quilcene oysteria Income Statement For the north Ended August 11 Actual pounds 7,600 Revenue $27,300 Expenses: Packing supplies 2,830 Oyster bed maintenance 3,160 Wages and salaries 6,510 Shipping utilities other Total expense Net operating income $ 7,484 5,050 1,000 1,106 19,816 4,100 5,120 1,270 566 19,216 $12,328 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income
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