1. 2. ork #8-Chapter #9 0 Help Save & Exit Submit Saved Check my work Quilcene O
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ork #8-Chapter #9 0 Help Save & Exit Submit Saved Check my work Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 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 (g) 7,800 s 32,370 Revenue ($4.15g) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,500) Wages and salaries ($2,000 0.25g) Shipping (0.60g) Utilities ($1,300) Other ($460 +$0.01g) 2, 730 3,500 3, 950 4, 680 1, 300 538 16, 698 $ 15, 672 es Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Next >Explanation / Answer
Actual Revenue and spending variance Flexible budget Actual pounds 7800 7800 Revenue 27200 5170 U 32370 Expenses Packing supplies 2900 170 U 2730 Oyser bed maintenance 3360 140 F 3500 Wages and salaries 4360 410 U 3950 Shipping 4410 270 F 4680 Utilities 1110 190 F 1300 Other 1158 620 U 538 Total expense 17298 600 U 16698 Net operating income 9902 5770 U 15672
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