newconnect.mheducation.com/flow/connect html Help Sove & Exit Submit Saved nt 8-

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newconnect.mheducation.com/flow/connect html Help Sove & Exit Submit Saved nt 8-2 Week 8 Practice Check my work Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 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) 7,500 $31,125 Revenue ($4.15q) Expenses: Packing supplies (s0.30g) Wages and salaries ($2,500 + Shipping ($0.60q) 2,250 oyster bed maintenance ($3,400) 3,400 5,125 4,500 1,200 575 17,050 $14,075 Utilities ($1,200) other ($500 + $0.01g) Total expense Net operating income The actual results for August appear below Prev 3of 3111 Next 6:23 PM 11/6/2017

Explanation / Answer

Spending variance :

Flexible budget Actual Spending variance Revenue 31125 27100 4025 U Expenses : Packing supplies 2250 2420 170 U Oyster bed maintenance 3400 3260 140 F Wages and salaries 5125 5535 410 U Shipping 4500 4230 270 F Utilities 1200 1010 190 F Other 575 1195 620 U Total expense 17050 17650 600 U Net operating income 14075 9450 4625 U

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