EXERCISE 92 Prepare a Report Showing Revenue and Spending Variances L09 Quilcene Oysteria farms and...
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EXERCISE 92 Prepare a Report Showing Revenue and Spending Variances L09 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: Quicene Oysteria Flexible Budget For the Month Ended August 31 8,000 $32,000 Actual pounds (9) .......... Revenue ($4.000)........ Expenses Packing supplies (50.500) Oyster bed maintenance ($3.200)...... Wages and salaries ($2,900 + $0.30). Shipping ($0.809) ...... Utilities ($830) Other ($450 + $0.05). Total expense.. Net operating income 4,000 3,200 5,300 6,400 830 850 20,580 $11,420 ne actual results Auge appear how Quilicene Oysteria Income Statement For the Month Ended August 31 Reverse Waces and wants Fatal expense operate incones Required: Calculate the company's en and spending vananes to Augustine Refer Exhibur
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