Chapter 9 Homework 2 10 points TWCOMect.mheducation.com Seve Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The company's flexible budget for August appears below Quilcene Cysteria Flexible Budget For the Month Bnded August 311 Actual pounds (q) Revenue ($4.15g) Packing supplies (80.35g) ellock Hin Pred References Oyster bed maintenance ($3,000) wages and salaries ($2,000 +$0.50g) Shipping (50.55g) Olities (01.200) Other (5470 $0.019) Total expense Net operating incose The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,200 Revenue $26,500 Packing supplies 2,690 Oyster bed maintenance 2,860 Wages and salaries 6,010 Shipping 3,690 Utilities Other Total expense 1,010 1,162 17,422 $9,078 7,200 29,800 2,520 3,000 5,600 3,960 1,200 542 16,022 $13,058 ZASEPOMEMA Help Save & Ext Su Check my Other Total expens Net operating income Required: 1,010 1,162 17,422 $ 9,078 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.) 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