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 (q) 7, 400 Revenue ($4.10q) Expenses: Packing supplies ($0.25q) Oyster bed maintenance ($3,400) Wages and salaries ($2,100 + $0.45q) Shipping ($0.65q) Utilities ($1, 290) Other ($450 + $0.01q) Total expense $30,340 1, 850 3, 400 5, 430 4,810 1, 290 524 17, 304 Net operating income $13,036 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7, 400 Revenue $27,500 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities 2,020 3, 260 5,840 4,540 1, 100 1,144 Other Total expense 17,904 $ 9,596 Net operating income
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 (q) 7, 400 Revenue ($4.10q) Expenses: Packing supplies ($0.25q) Oyster bed maintenance ($3,400) Wages and salaries ($2,100 + $0.45q) Shipping ($0.65q) Utilities ($1, 290) Other ($450 + $0.01q) Total expense $30,340 1, 850 3, 400 5, 430 4,810 1, 290 524 17, 304 Net operating income $13,036 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7, 400 Revenue $27,500 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities 2,020 3, 260 5,840 4,540 1, 100 1,144 Other Total expense 17,904 $ 9,596 Net operating income
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 9E: Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost...
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