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How to calculate company revenue for august

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Reference no: EM132650020

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 Dysteria Flexible Budget For the Month Ended August 31 Actual pounds {q} 3,666 Revenue ($4.16q} $ 32,333 Expenses: Packing supplies {$6.35q) 2,866 Oyster bed maintenance {$3,366} 3,366 Wages and salaries {$2,466 + $6.36q} 4,866 Shipping ($6.75q) 6,666 Utilities {$1,21a) 1,219 Gther [$4424 + $6.61q] sea Total expense 13,536 Net operating income $ 14:173

The actual results for August appear below:

Quilcene Dysteria Inc one Statement For the Month Ended August 31

Actual pounds 3,666 Revenue 5 26,866

Expenses: Packing supplies 2,976

Oyster bed maintenance 3,156

Wages and salaries 5,216

Shipping 5,736

Utilities 1,626 Ether 1,146

Total expense 19,233

Required:

Question 1: Calculate the company's revenue and spending variances for August.

Reference no: EM132650020

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