Assignment 8-2 Week 8 Practice i 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: points Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,800 eBook $ 31,590 Hint Print Revenue ($4.059) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,300) Wages and salaries ($2,500 + $0.359) Shipping ($0.659) Utilities ($1,290) Other ($490 + $0.019) Total expense Net operating income UNION WW References 13792 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 points $ 27,200 eBook 2,510 3.160 Hint 5.640 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Print 4,800 ,100 References 188 18398 8,802 points 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.) eBook Hint Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Print References Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income