Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. quilcene oysteria farms and sells oysters in the p

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

90.2K

Verified Solution

Question

Accounting

imageimage

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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 (g) 7,400 $31,080 Revenue ($4.20q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,100) Wages and salaries ($2,500 $0.30q) Shipping ($0.80g) Utilities ($1,280) Other ($430 $0.01q) 2,590 3,100 4,720 5,920 1,280 504 18.114 Total expense Net operating income $12,966 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 $27,200 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,760 2,960 5,130 5,650 1,090 1.124 18,714 $ 8,486 Total expense Net operating income

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The following information is to be used for the next two questions. Molar absorptivity data for...

Chemistry
Q

What are some of the major changes in education in the contemporary United States?

Psychology
Q

A mass weighing 16 pounds stretches a spring 8 3 feet. The mass is initially released...

Advance Math
Q

Given m ZELG 124 Prove x 28 D 2x H G E F Complete the...

Geometry
Q

Chapter 8 HW Saved Help The marketing department of Jessi Corporation has submitted the following...

Accounting
Q

please help, thank you! PROBLEM II-22A Keep or Sell Property [LOI]...

Accounting
Q

Required information Comprehensive Problem 5(Algo) Skip to question [The following information applies...

Accounting
Q

2. If any differences exist between the House of Representatives and the Senate passed versions...

Accounting
Q

next year (or 20,000 room-nights). All rooms are similar and will rent for the same...

Accounting
Q

necesita contratar a una recepcionista que manejar efectivo. Qu pasos tomara para asegurarse de contratar...

Accounting
Q

During the year, the City of Penstemon engaged in the following transactions. The city has...

Accounting
Q

The adjusting entry to record the amortization of a premium on bonds payable an interest...

Accounting