2.

Qullcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Plexible Budget For the Month Ended August 31 Actual pounds (9) 7.900 Revenue ($4.059) $ 31,995 Expenses: Packing supplies ($0.359) 2,765 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,100 + $0.409) 5,260 Shipping ($0.559) 4,345 Utilities ($1,240) 1,240 Other ($500 + $0.019) 579 Total expense 17,789 $ 14,206 Net operating income The actual results for August appear below: Quilcone Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,900 Revenue $ 26,900 Expenses Packing supplies 2,935 Oyster bed maintenance 3,460 Wages and salaries 5,670 Shipping 4,075 Utilition 1,050 Other 1,199 Total expense 18,389 $ 8,511 Net operating income 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 (.e., zero variance). Input all amounts as positive values.)