Do not give image format Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of oysters in August.The company's flexible budget for August appears below:Actual pounds (q)Revenue ($4.18g)Expenses:Packing supplies ($0.35g)Oyster bed maintenance ($3,600)Quilcene OysteriaFlexible BudgetWages and salaries ($2,400+ $0.50q)Shipping ($0.80g)Utilities ($1,230)Actual poundsRevenueFor the Month Ended August 31Other ($460 50.01g)Total expensesNet operating incomeThe actual results for August were as follows:Quilcene OysteriaIncone StatementFor the Month Ended August 31Expenses:ShippingUtilitiesPacking suppliesOyster bed maintenanceWages and salariesOtherTotal expensesNet operating income i7,100$ 29,1102,4853,6005,9505,6801,23053119,476$9,6347,100$26,5002,6553,4606,3605,4101,0401,15120,076$ 6,424Required:Calculate the company's revenue and spending variances for August.effectaffect t

REVENUE & SPENDING VARIANCE The variation in the amount of actual revenue and flexible budget…

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of oysters in August. The company's flexible budget for August appears below: Actual pounds (g) Revenue ($4.10g) Expenses: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Packing supplies ($0.35g) Oyster bed naintenance ($3,600) Wages and salaries ($2,400+ $0.50q) Shipping ($0.80g) Utilities ($1,230) Other ($460 Total expenses Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: $0.01g) Quilcene Oysteria Incone Statement For the Month Ended August 31, Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income 7,100 $29,110 2,485 3,600 5,950 5,680 1,230 531 19,476 $9,634 7,100 5.26,500 2,655 3,460 6,360 5,410 1,040 1,151 20,076 $ 6,424 Required: Calculate the company's revenue and spending variances for August.

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of oysters in August. The company's flexible budget for August appears below: Actual pounds (g) Revenue ($4.10g) Expenses: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Packing supplies ($0.35g) Oyster bed naintenance ($3,600) Wages and salaries ($2,400+ $0.50q) Shipping ($0.80g) Utilities ($1,230) Other ($460 Total expenses Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: $0.01g) Quilcene Oysteria Incone Statement For the Month Ended August 31, Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income 7,100 $29,110 2,485 3,600 5,950 5,680 1,230 531 19,476 $9,634 7,100 5.26,500 2,655 3,460 6,360 5,410 1,040 1,151 20,076 $ 6,424 Required: Calculate the company's revenue and spending variances for August.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 9E: Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost...

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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: Actual pounds (q) Revenue ($4.20q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,500) Wages and salaries ($2,100 + $0.50q) Shipping ($0.75q) Utilities ($1,280) Other ($510+ $0.019) Quilcene Oysteria Flexible Budget For the Month Ended August 31 Total expense Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Revenue Expenses: 7,500 $ 31,500 Packing supplies Oyster bed maintenance 2,625 3,500 5,850 5,625 1,280 585 19,465 $ 12,035 7,500 $ 27,400 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each…
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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) Revenue ($4.05g) Expensess Packing supplies ($0.35g) Oyster bed maintenance ($3,200) Hages and salaries ($2,400+ $0.50g) Shipping ($0.75g) Utilities ($1,280) Other (8420 $0.01g) Total expense Net operating income The actual results for August appear below: Quilcene Dyateria Income Statement For the Month Ended August 31 Revenue Expenses: Actual pounds Packing supplien Oyster bed maintenance. Mages and salaries Shipping Dellities Other Total expense Bet operating income 7,900 27,300 2,935 3,060 6,760 5,655 1.090 20.619 6,401 7,900 $31,995 2,765 3,200 6,350 5,925 1,280 499 20,019 $ 11,976 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F"…
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: Actual pounds (q) Revenue ($4.15q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,400) Wages and salaries ($2,400 + $0.40g) Shipping ($0.55q) Utilities ($1,240) Quilcene Oysteria Flexible Budget For the Month Ended August 31 Other ($470 + $0.01g) Total expenses Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income 7,300 $ 30,295 2,555 3,400 5,320 4,015 1,240 543 17,073 $ 13,222 7,300 $ 27,000 2,725 3,260 5,730 3,745 1,050 1,163 17,673 $ 9,327
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: Actual pounds (q) Revenue ($4.15g) Expenses: Packing supplies ($0.30q) Oyster bed maintenance ($3,500) Wages and salaries ($2,600 + $0.25q) Shipping ($0.75g) Utilities ($1,270) Other ($500 + $0.01q) Total expense Net operating income Actual pounds Revenue The actual results for August were as follows: Expenses: For the Month Ended August 31 Quilcene Oysteria Flexible Budget Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 7,300 $ 30,295 Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 2,190 3,500 4,425…
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 7,000 $ 28,700 Actual pounds (q) Revenue ($4.10q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3, 100) Wages and salaries ($2,500 + $0.45g) Shipping ($0.75q) Utilities ($1,210) Other ($480 + $0.01g) Total expense 2,450 3,100 5,650 5,250 1,210 550 18,210 $ 10,490 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,000 Revenue $ 27,400 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities 2,620 2,960 6,060 4,980 1,020 1,170 18,810 Other Total expense $ 8,590 Net operating income Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by…