1 Quilcene Oysteria farms and sells oysters in the Pacific Northwest The company harvested and sold 7600 pounds of oysters in August. The company's flexible budget for August appears below Quilen Oster Flexible Budget For the Month Ended August 31 Actual pounds 7,600 20:41 $ 32,00 Revem (4.254 Experts Packing supplies (0.35) Oyster bed Maintenance ($3,400) Wages and maleries ($2,400 + $0.400) Shipping $0.700) Utilities (11.200 Other (8480 + $0.010) 2.000 3.400 5.440 5.320 1.200 550 18.570 $ 13,924 Total especte Net petting income The actual results for August appear below Quilene Oyatri Income Statement For the Month Finded 1 et pouda 7,600 Revenue $21200 Etpensa : Packing supplies 2.930 Oystet led intende 3.200 Vares and also 5.850 Shiseint 5.050 Utilities 1,010 1270 Title 10.119 $18.02 Det operatin Required: Calculate the company's revenue and spending varlances for August (Indicate the effect of each variance by selecting "F" for Prey 1 of 5 Next > Packing supplies Oyster bed maintenance Vagos and salaries Shipping Utilities Other Total expense Het operating income 2,830 3,260 5,850 5,050 1,010 1 176 19. 170 $ 8,024 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.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Prey 1 of 5 Next >