Chrome File Edit View History Bookmarks People Window Help Tops Online xWomen\'s

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Chrome File Edit View History Bookmarks People Window Help Tops Online xWomen's Fas x M Access Conn xPrinciples of xa Amazon.com x C ezto.mheducation.com/hm.tpx?-0.5516023340444653 1510531518695 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 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 (q) Revenue ($4.10g) 7,700 $31,570 Expenses: Packing supplies ($0.25q) Oyster bed maintenance ($3,400) Shipping ($0.80q) Utilities ($1,290) Other ($470+$0.01q) 1,925 3,400 Wages and salaries ($2,200+$0.35q)4,895 6,160 1,290 547 Total expense 18,217 Net operating income $13,353 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue 7,700 $26,900 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities 2,095 3,260 5,305 5,890 1,100

Explanation / Answer

Revenue and spending variance :

Actual result Flexible budget revenue and spending variance Activity 7700 7700 Revenue 26900 31570 4670 U Expenses Packing supplies 2095 1925 170 U Oyster bed maintenance 3260 3400 140 F wages and salaries 5305 4895 410 U shipping 5890 6160 270 F Utilities 1100 1290 190 F Other 1167 547 620 U Total expenses 18817 18217 600 U Net operating income 8083 13353 5270 U

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