3 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: 2.5 points 7,400 $ 30,340 Hok Guileana oyateria Flexible Budget Por the Month Ended August 31 rotual pounds for Revenge ($4.104) Expenses : Packing supplies ($0.304) Cyster bed maintenance ($3,000) Wages and salaries ($2,00D + $0.409) Shipping ($0.700) Utilities ($1,290) Other 15450 + $0.01g! Total expen Net operating income Hinc 2,220 3.000 4,960 5,180 1,290 524 17.174 $ 13,166 Print The actual results for August were as follows: Reler 7,400 $ 22,400 Quilcene cysteria Iacant Etaterem For the Month Ended August 31 luctual pounds Revenue Expenses: l'acking supplies Oyster bed maintenance Wages and salaries Shipping ULilities Ch Total expense Net Drating incom 2,390 2,360 5,370 4,910 1,100 2,100 17,774 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 mar HUIDIFFEIVIU. 3 2.5 points 7,100 $ 27.400 Quilcene Oys Leria Incone Statestent Por the Month Ended AugusL 31 Actual pounds Reverse Expand Packing supplies dystur badaintenance Wages and calaries Shipping Utilities Other Tutal wapen Net operating incona ella 2,390 2. R60 5,370 4,910 2,100 1,144 17,774 $ 9.626 Hinc 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.) Reference Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and saleries Shipping Uslities Other Tetail expense Nat operating Income mar