Other B Chapter 9 3 Exercise 9-3 Revenue and Spending Variances Lo9-3] 1.87 poin

Question

Other B Chapter 9 3 Exercise 9-3 Revenue and Spending Variances Lo9-3] 1.87 points Quilcen in August. The company's flexible budget for August appears below: e Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8000 pounds of oysters 31 Hint 8,000 Revenue ($4.00g) Expenses: 32,000 Packing supplies ($0.50g) Oyster bed maintenance ($3,200) Wages and salaries ($2,900 $0.30g) shipping ($0.80q) Deilities ($830) Other ($450 0.05g) 4,000 3,200 s,300 6,400 830 850 Total expense Net operating i $ 11,420 The actual results for August appear below: Actual pounds 8,000 K Prex 3 of 8 Next >

Explanation / Answer

Actual Flexible budget Revenue and spending variances Revenue 35200 32000 3200 F Expenses: Packing supplies 4200 4000 200 U Oyster bed maintenance 3100 3200 100 F Wages and salaries 5640 5300 340 U Shipping 6950 6400 550 U Utilities 810 830 20 F Other 980 850 130 U Total expenses 21680 20580 1100 U Net operating income 13520 11420 2100 F

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