Chapter 9 Homework-Part 15 points) 5 071 pointi COOK 700 References Help Exercise 9-2 Prepare a Report Showing Revenue and Spending Variances [LO9-2] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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) 8,000 Revenue ($4.00g) Expenses $ 32,000 Packing supplies ($0.509) 4,000 Oyster hed maintenance ($3,200) 3,200 Mages and salaries ($2,900+ $0.30g) 5,000 Shipping (10.804) 6,400 Utilities ($830). 630 Other ($450+ $0.05) 050 Total expense 20,588 Net operating income $ 11,420 The actual results for August appear below Quilcene Oysteria Income Statement Submit 5 21 Ints Book Hint Print ferences The actual results for August appear below Quilcene Oyster la Income Statement For the Month Ended August 31 Actual pounds 8,000 Revenue $35,200 Expenses: A Packing supplies 4,200 3,100 Oyster bed maintenance Wages and salaries 5,640 6,950 Shipping utilities 810 Other 980 Total expense 21,680 $ 13,520 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 (i.e., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances 5 0.71 points eBook Hint Print References sans aand so uno o indufam acil yaua nu in una nuo 'ainDIDARIUM 101 AINDINADI Revenue Expenses Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 $ 3,200 F 20 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income F None U