9 Homework Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4.15q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,200) Wages and salaries ($2,100 + $0.45q) Shipping ($0.65g) Utilities ($1,290) Other ($500 + $0.819) Total expenses Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 7,000 $ 29,058 2,458 3,200 5,250 4,550 1,290 570 17,319 $ 11,740 Actual pounds Revenue Expenses: es Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income Required: 7,808 $ 27,100 2,620 3,060 5,668 4,280 1,100 1,190 17,910 $ 9,198 Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero variance). Input all amounts as positive values. Revenue Expenses: Packing supplies Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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9 Homework
Quilcene Oysteria
Flexible Budget
For the Month Ended August 31
Actual pounds (q)
Revenue ($4.15q)
Expenses:
Packing supplies ($0.35q)
Oyster bed maintenance ($3,200)
Wages and salaries ($2,100 + $0.45q)
Shipping ($0.65g)
Utilities ($1,290)
Other ($500 + $0.819)
Total expenses
Net operating income
The actual results for August were as follows:
Quilcene Oysteria
Income Statement
For the Month Ended August 31
7,000
$ 29,058
2,458
3,200
5,250
4,550
1,290
570
17,319
$ 11,740
Actual pounds
Revenue
Expenses:
es
Packing supplies
Oyster bed maintenance
Wages and salaries
Shipping
Utilities
Other
Total expenses
Net operating income
Required:
7,808
$ 27,100
2,620
3,060
5,668
4,280
1,100
1,190
17,910
$ 9,198
Calculate the company's revenue and spending variances for August.
Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero
variance). Input all amounts as positive values.
Revenue
Expenses:
Packing supplies
Quilcene Oysteria
Revenue and Spending Variances
For the Month Ended August 31
Oyster bed maintenance
Wages and salaries
Shipping
Utilities
Other
Total expenses
Net operating income
Transcribed Image Text:9 Homework Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4.15q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,200) Wages and salaries ($2,100 + $0.45q) Shipping ($0.65g) Utilities ($1,290) Other ($500 + $0.819) Total expenses Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 7,000 $ 29,058 2,458 3,200 5,250 4,550 1,290 570 17,319 $ 11,740 Actual pounds Revenue Expenses: es Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income Required: 7,808 $ 27,100 2,620 3,060 5,668 4,280 1,100 1,190 17,910 $ 9,198 Calculate the company's revenue and spending variances for August. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero variance). Input all amounts as positive values. Revenue Expenses: Packing supplies Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income
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