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Exercise 9.3(Algo) Revenue and Spending Variances [LO9-3] Quilcene Oysteria farms and sells oysters...

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Accounting

Exercise 9.3(Algo) Revenue and Spending Variances [LO9-3]
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 (q),8,000
Revenue ($4.10q),$32,800
Expenses:
Packing supplies )
Oyster bed maintenance ($3,000),3,000
Wages and salaries $0.40q)
Shipping ( $0.80q)
Utilities ($1,220)
other ($490+$0.01q)
Total expenses
Net operating income
\table[[5,300],[6,400],[1,220],[570],[19,290],[$13,510
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