ezto.mheducation.com Quilcene Oysteria farms and sells oysters in the Pacific No

Question

ezto.mheducation.com Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below Revenue (S4.00 Packing supples 0 Oysler bed mantenance (53.200 Wages and salves (S2.900 . So 30e9 Shipping (30.8 (5450+0.054) 11 420 The actual results for August appear below: Quilcene Oysteria 13.520 Compute 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 (i.e., zero variance). Input all amounts as positive Revenue and Spending Variances

Explanation / Answer

Revenue and spending variance :

Revenue 3200 F Expenses : Packing supplies 200 U Oyster bed maintenance 100 F Wages and salaries 340 U Shipping 550 U Utilities 20 F Other 130 U Total expense 1100 U Net operating income 2100 F

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