- Flexible and Actual Units (pounds) are given belowCalculate revenue and spending variances for AugustGiven: Revenue 4per poundOn OwnPacking Supplies0.5per poundOyster Bed Maintenance3200flatWages & Salaries2900flat plus0.3 per poundShipping0.8per pound Utilities830flat Other450flat plus0.05per poundFlexible Budget & Actual Results for the Month Ending May 31 ActualFlexibleRev & Spend'gPounds (Q)8, 0008,000Variances(actual flexible) Revenue 35,200 Expenses: Packing Supplies4, 200 Oyster Bed Maintenance3, 100 Wages & Salaries5, 640 Shipping6, 950 Utilities 810 Other980 Total Expenses21, 680 Net Operating Income13, 520 Flexible and Actual Units (pounds) are given below Given: Calculate revenue and spending variances for August Revenue Packing Supplies Oyster Bed Maintenance 4 per pound 0.5 per pound 3200 flat Wages & Salaries 2900 flat-plus 0.3 per pound Shipping Utilities Other 0.8 per pound 830 flat 450 flat-plus 0.05 per pound Flexible Budget & Actual Results for the Month Ending May 31 Pounds (Q) On Own Actual Flexible Rev & Spend'g 8,000 8,000 Variances (actual-flexible) Revenue 35,200 Expenses: Packing Supplies 4,200 Oyster Bec 3,100 Wages & Salaries 5,640 Shipping 6,950 Utilities 810 Other 980 Total Expenses 21,680 Net Operating Income 13,520
- Flexible and Actual Units (pounds) are given belowCalculate revenue and spending variances for AugustGiven: Revenue 4per poundOn OwnPacking Supplies0.5per poundOyster Bed Maintenance3200flatWages & Salaries2900flat plus0.3 per poundShipping0.8per pound Utilities830flat Other450flat plus0.05per poundFlexible Budget & Actual Results for the Month Ending May 31 ActualFlexibleRev & Spend'gPounds (Q)8, 0008,000Variances(actual flexible) Revenue 35,200 Expenses: Packing Supplies4, 200 Oyster Bed Maintenance3, 100 Wages & Salaries5, 640 Shipping6, 950 Utilities 810 Other980 Total Expenses21, 680 Net Operating Income13, 520 Flexible and Actual Units (pounds) are given below Given: Calculate revenue and spending variances for August Revenue Packing Supplies Oyster Bed Maintenance 4 per pound 0.5 per pound 3200 flat Wages & Salaries 2900 flat-plus 0.3 per pound Shipping Utilities Other 0.8 per pound 830 flat 450 flat-plus 0.05 per pound Flexible Budget & Actual Results for the Month Ending May 31 Pounds (Q) On Own Actual Flexible Rev & Spend'g 8,000 8,000 Variances (actual-flexible) Revenue 35,200 Expenses: Packing Supplies 4,200 Oyster Bec 3,100 Wages & Salaries 5,640 Shipping 6,950 Utilities 810 Other 980 Total Expenses 21,680 Net Operating Income 13,520
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 21E: Georgia Gasket Co. budgets 8,000 direct labor hours for the year. The total overhead budget is...
Related questions
Question
![-
Flexible and Actual Units (pounds) are given belowCalculate revenue and spending variances for AugustGiven: Revenue
4per poundOn OwnPacking Supplies0.5per poundOyster Bed Maintenance3200flatWages & Salaries2900flat plus0.3
per poundShipping0.8per pound Utilities830flat Other450flat plus0.05per poundFlexible Budget & Actual Results for
the Month Ending May 31 ActualFlexibleRev & Spend'gPounds (Q)8, 0008,000Variances(actual flexible) Revenue
35,200 Expenses: Packing Supplies4, 200 Oyster Bed Maintenance3, 100 Wages & Salaries5, 640 Shipping6, 950 Utilities
810 Other980 Total Expenses21, 680 Net Operating Income13, 520
Flexible and Actual Units (pounds) are given below
Given:
Calculate revenue and spending variances for August
Revenue
Packing Supplies
Oyster Bed Maintenance
4 per pound
0.5 per pound
3200 flat
Wages & Salaries
2900 flat-plus
0.3 per pound
Shipping
Utilities
Other
0.8 per pound
830 flat
450 flat-plus
0.05 per pound
Flexible Budget & Actual Results
for the Month Ending May 31
Pounds (Q)
On Own
Actual
Flexible
Rev & Spend'g
8,000
8,000
Variances
(actual-flexible)
Revenue
35,200
Expenses:
Packing Supplies
4,200
Oyster Bec
3,100
Wages & Salaries
5,640
Shipping
6,950
Utilities
810
Other
980
Total Expenses
21,680
Net Operating Income
13,520](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1040cf11-1606-4441-95c2-42fee370d18a%2F8d73bc57-a0c0-40a5-a387-e24f97b30aab%2F6p489u_processed.jpeg&w=3840&q=75)
Transcribed Image Text:-
Flexible and Actual Units (pounds) are given belowCalculate revenue and spending variances for AugustGiven: Revenue
4per poundOn OwnPacking Supplies0.5per poundOyster Bed Maintenance3200flatWages & Salaries2900flat plus0.3
per poundShipping0.8per pound Utilities830flat Other450flat plus0.05per poundFlexible Budget & Actual Results for
the Month Ending May 31 ActualFlexibleRev & Spend'gPounds (Q)8, 0008,000Variances(actual flexible) Revenue
35,200 Expenses: Packing Supplies4, 200 Oyster Bed Maintenance3, 100 Wages & Salaries5, 640 Shipping6, 950 Utilities
810 Other980 Total Expenses21, 680 Net Operating Income13, 520
Flexible and Actual Units (pounds) are given below
Given:
Calculate revenue and spending variances for August
Revenue
Packing Supplies
Oyster Bed Maintenance
4 per pound
0.5 per pound
3200 flat
Wages & Salaries
2900 flat-plus
0.3 per pound
Shipping
Utilities
Other
0.8 per pound
830 flat
450 flat-plus
0.05 per pound
Flexible Budget & Actual Results
for the Month Ending May 31
Pounds (Q)
On Own
Actual
Flexible
Rev & Spend'g
8,000
8,000
Variances
(actual-flexible)
Revenue
35,200
Expenses:
Packing Supplies
4,200
Oyster Bec
3,100
Wages & Salaries
5,640
Shipping
6,950
Utilities
810
Other
980
Total Expenses
21,680
Net Operating Income
13,520
AI-Generated Solution
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Excel Applications for Accounting Principles](https://www.bartleby.com/isbn_cover_images/9781111581565/9781111581565_smallCoverImage.gif)
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub