Business, 15.07.2019 17:20 itsshyraa

Exercise 9-3 revenue and spending variances [lo9-3] 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 (q) 7,500 revenue ($4.15q) $ 31,125 expenses: packing supplies ($0.35q) 2,625 oyster bed maintenance ($3,500) 3,500 wages and salaries ($2,600 + $0.25q) 4,475 shipping ($0.65q) 4,875 utilities ($1,210) 1,210 other ($480 + $0.01q) 555 total expense 17,240 net operating income $ 13,885 the actual results for august appear below: quilcene oysteria income statement for the month ended august 31 actual pounds 7,500 revenue $ 27,500 expenses: packing supplies 2,795 oyster bed maintenance 3,360 wages and salaries 4,885 shipping 4,605 utilities 1,020 other 1,175 total expense 17,840 net operating income $ 9,660 required: calculate the company’s revenue and spending variances for august. (indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable, and "none" for no effect (i. e., zero variance). input all amounts as positive values.)

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Exercise 9-3 revenue and spending variances [lo9-3] quilcene oysteria farms and sells oysters in the...

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