Exercise 9-3 revenue and spending variances [lo9-3] quilcene oysteria farms and sells oysters in the pacific northwest. the company harvested and sold 7,500 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) 7,500 revenue ($4.15q) $ 31,125 expenses: packing supplies ($0.35q) 2,625 oyster bed maintenance ($3,500) 3,500 wages and salaries ($2,600 + $0.25q) 4,475 shipping ($0.65q) 4,875 utilities ($1,210) 1,210 other ($480 + $0.01q) 555 total expense 17,240 net operating income $ 13,885 the actual results for august appear below: quilcene oysteria income statement for the month ended august 31 actual pounds 7,500 revenue $ 27,500 expenses: packing supplies 2,795 oyster bed maintenance 3,360 wages and salaries 4,885 shipping 4,605 utilities 1,020 other 1,175 total expense 17,840 net operating income $ 9,660 required: calculate the company’s revenue and spending variances for august. (indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable, and "none" for no effect (i. e., zero variance). input all amounts as positive values.)

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.