Business, 24.06.2020 22:01 greenhusky

Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 8,000 Revenue ($4.00q) $ 32,000 Expenses: Packing supplies ($0.50q) 4,000 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,900 + $0.30q) 5,300 Shipping ($0.80q) 6,400 Utilities ($830) 830 Other ($450 + $0.05q) 850 Total expense 20,580 Net operating income $ 11,420The actual results for August appear below: Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds . 8000
Revenue .35,200
Expenses:
Packing supplies . 4200
Oyster bed maintenance .3100
Wages and salaries .5640
Shipping .6950
Utilities .810
Other .980
Total expense .21,680
Net operating income .13,520
Required:
Prepare a report showing the company's revenue and spending variances for August

Answers: 1

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Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 8,000 Revenue ($4....

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