Business, 20.07.2020 01:01 mitalichavez1

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria
Flexible Budget
For the Month Ended August 31
Actual pounds 8,000
Revenue $35,200
Expenses:
Packing supplies 4,200
Oyster bed maintenance 3,100
Wages and salaries ($2,900 + $0.309)
Shipping ($0.809)
Utilities ($830)
Other ($450 + $0.059)
Total expense 20,580
Net operating income $11,4204,000 3,200 5,300 6,400 830 850
The actual results for August appear below:
Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds 8,000
Revenue $35,200
Expenses:
Packing supplies 4,200
Oyster bed maintenance 3,100
Wages and salaries 5,640
Shipping 6,950
Utilities 810
Other 980
Total expense 21,680
Required:
Calculate the company's revenue and spending variances for August.
Quilcone Oysteria
Revenue and Spending Variances
For the Month Ended August 31
Revenue
Expenses
Packing supplies
Oyster bed maintenance
Wages and salaries
Shipping
Utilities
Other
Total expense
Net operating income

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:40

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

Answers: 1

Answer

Business, 22.06.2019 11:00

Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150

Answers: 2

Answer

Business, 22.06.2019 16:10

The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:

Answers: 1

Answer

Business, 22.06.2019 22:00

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?

Answers: 3

Answer

You know the right answer?

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8...

Questions