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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 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 (9) Revenue ($4.059) 7,800 $31,590 Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,200) Wages and salaries ($2,200 + $0.259) Shipping ($0.809) Utilities ($1,220) Other ($500 + $0.019) 2,730 3,200 4,150 6,240 1,220 578 Total expense 18,118 Net operating income $ 13,472 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.800 Revenue $ 27.100 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities 2.900 3,060 4,560 5,970 1.030 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $ 27,100 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,900 3,060 4.560 5,970 1,030 1,198 Total expense 18,718 Net operating income $ 8,382 Required: Compute 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 Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,800 helmets, using 2,926 kilograms of plastic. The plastic cost the company $19,312 According to the standard cost card, each helmet should require 0.69 kilograms of plastic, at a cost of $7.00 per kilogram. Required: 1. According to the standards, what cost for plastic should have been incurred to make 3,800 helmets? How much greater or less is this than the cost that was incurred? (Round Standard kilograms of plastic per helmet to 2 decimal places.) Number of helmets Standard kilograms of plastic per helmet Total standard kilograms allowed Standard cost per kilogram Total standard cost Actual cost incurred Total standard cost Total material variance--unfavorable Total standard cost Actual cost incurred Total standard cost Total material variance unfavorable 2. Break down the difference computed in (1) above into a materials price variance and a materials quantity variance. (Round your actual materials price to two decimal places, and round your fina answers to the nearest whole dollar. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Materials price variance Materials quantity variance