- Flexible and Actual Units (pounds) are given belowCalculate revenue and spending variances for AugustGiven: Revenue 4per poundOn OwnPacking Supplies0.5per poundOyster Bed Maintenance3200flatWages & Salaries2900flat plus0.3 per poundShipping0.8per pound Utilities830flat Other450flat plus0.05per poundFlexible Budget & Actual Results for the Month Ending May 31 ActualFlexibleRev & Spend'gPounds (Q)8, 0008,000Variances(actual flexible) Revenue 35,200 Expenses: Packing Supplies4, 200 Oyster Bed Maintenance3, 100 Wages & Salaries5, 640 Shipping6, 950 Utilities 810 Other980 Total Expenses21, 680 Net Operating Income13, 520 Flexible and Actual Units (pounds) are given below Given: Calculate revenue and spending variances for August Revenue Packing Supplies Oyster Bed Maintenance 4 per pound 0.5 per pound 3200 flat Wages & Salaries 2900 flat-plus 0.3 per pound Shipping Utilities Other 0.8 per pound 830 flat 450 flat-plus 0.05 per pound Flexible Budget & Actual Results for the Month Ending May 31 Pounds (Q) On Own Actual Flexible Rev & Spend'g 8,000 8,000 Variances (actual-flexible) Revenue 35,200 Expenses: Packing Supplies 4,200 Oyster Bec 3,100 Wages & Salaries 5,640 Shipping 6,950 Utilities 810 Other 980 Total Expenses 21,680 Net Operating Income 13,520
- Flexible and Actual Units (pounds) are given belowCalculate revenue and spending variances for AugustGiven: Revenue 4per poundOn OwnPacking Supplies0.5per poundOyster Bed Maintenance3200flatWages & Salaries2900flat plus0.3 per poundShipping0.8per pound Utilities830flat Other450flat plus0.05per poundFlexible Budget & Actual Results for the Month Ending May 31 ActualFlexibleRev & Spend'gPounds (Q)8, 0008,000Variances(actual flexible) Revenue 35,200 Expenses: Packing Supplies4, 200 Oyster Bed Maintenance3, 100 Wages & Salaries5, 640 Shipping6, 950 Utilities 810 Other980 Total Expenses21, 680 Net Operating Income13, 520 Flexible and Actual Units (pounds) are given below Given: Calculate revenue and spending variances for August Revenue Packing Supplies Oyster Bed Maintenance 4 per pound 0.5 per pound 3200 flat Wages & Salaries 2900 flat-plus 0.3 per pound Shipping Utilities Other 0.8 per pound 830 flat 450 flat-plus 0.05 per pound Flexible Budget & Actual Results for the Month Ending May 31 Pounds (Q) On Own Actual Flexible Rev & Spend'g 8,000 8,000 Variances (actual-flexible) Revenue 35,200 Expenses: Packing Supplies 4,200 Oyster Bec 3,100 Wages & Salaries 5,640 Shipping 6,950 Utilities 810 Other 980 Total Expenses 21,680 Net Operating Income 13,520
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter23: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 23E: Dickinsen Company gathered the following data for December: a.Compute the revenue price variance....
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Question
Transcribed Image Text:-
Flexible and Actual Units (pounds) are given belowCalculate revenue and spending variances for AugustGiven: Revenue
4per poundOn OwnPacking Supplies0.5per poundOyster Bed Maintenance3200flatWages & Salaries2900flat plus0.3
per poundShipping0.8per pound Utilities830flat Other450flat plus0.05per poundFlexible Budget & Actual Results for
the Month Ending May 31 ActualFlexibleRev & Spend'gPounds (Q)8, 0008,000Variances(actual flexible) Revenue
35,200 Expenses: Packing Supplies4, 200 Oyster Bed Maintenance3, 100 Wages & Salaries5, 640 Shipping6, 950 Utilities
810 Other980 Total Expenses21, 680 Net Operating Income13, 520
Flexible and Actual Units (pounds) are given below
Given:
Calculate revenue and spending variances for August
Revenue
Packing Supplies
Oyster Bed Maintenance
4 per pound
0.5 per pound
3200 flat
Wages & Salaries
2900 flat-plus
0.3 per pound
Shipping
Utilities
Other
0.8 per pound
830 flat
450 flat-plus
0.05 per pound
Flexible Budget & Actual Results
for the Month Ending May 31
Pounds (Q)
On Own
Actual
Flexible
Rev & Spend'g
8,000
8,000
Variances
(actual-flexible)
Revenue
35,200
Expenses:
Packing Supplies
4,200
Oyster Bec
3,100
Wages & Salaries
5,640
Shipping
6,950
Utilities
810
Other
980
Total Expenses
21,680
Net Operating Income
13,520
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