cesWActual pounds (q)Revenue ($4.10g)For the Month Ended August 31Quilcene OysteriaFlexible BudgetExpenses:Packing supplies ($0.30q)Oyster bed maintenance ($3,000)Wages and salaries ($2,400 + $0.30q)Shipping ($0.60q)Utilities ($1,270)Other ($470 + $0.019)Total expenseNet operating incomeThe actual results for August appear below:Quilcene OysteriaIncome StatementFor the Month Ended August 31Actual poundsRevenueExpenses:Packing suppliesOyster bed maintenanceWages and salaries.ShippingUtilitiesOtherTotal expenseNet operating income7,200$ 27,1002,3302,8604,9704,0501,0801,16216,452$ 10,648< Prev2 of 67,200$ 29,5202,1603,0004,5604,3201,27054215,852$ 13,668⠀⠀Next > NetRequired:Calculate the company's revenue and spending variances for August. (Indicate the efffor favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). InpuRevenueExpenses:ComeShippingUtilitiesOtherQuilcene OysteriaRevenue and Spending VariancesFor the Month Ended August 31Packing suppliesOyster bed maintenanceWages and salariesTotal expenseNet operating income< Prev2 of 6#Next >

REVENUE & SPENDING VARIANCE When Actual revenue are less than flexible revenue then the…

Required: Calculate the company's revenue and spending variances for August. (Indicate the eff for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Inpu Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income < Prev 2 of 6 www www www www Next >

Required: Calculate the company's revenue and spending variances for August. (Indicate the eff for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Inpu Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income < Prev 2 of 6 www www www www Next >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Zachary Company's cost and production data for two recent months included the following: April 1,100 $1,200 $ 978 Production (units) Rent Utilities Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. March 900 $1,200 $ 800 Complete this question by entering your answers in the tabs below. Required A Required B Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. (Round your answers to 2 decimal places.) Rent cost per unit Utility cost per unit March April
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HW ch 9 Saved The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in Its budgeting and performance reports-the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 60 students enrolled in those two courses. Data concerning the company's cost formulas appear below: Fixed Cost Cost per Cost per per Month Course Student Instructor wages Classroom supplies Utilities $ 2,930 $ 290 $1,210 $ 4,900 $ 2,400 $ 3,600 ces 85 Campus rent Insurance Administrative expenses 45 For example, administrative expenses should be $3,600 per month plus $45 per course plus $7 per student The company's sales should average $870 per student The company planned to run four courses with a total of 60 students however, it actually ran four courses with a total of only 56 students. The actual operating results for September appear below: Actual 2 49,300 $ 11,000 $…
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