dard Costing - Homework - Seved Help Save & Exit Check 2. Quilcene Oysteria farms and sells oysters in the Pacific Northwest The company harvested and sold 7,900 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 (e) 7.900 Revenue ($4.159) $ 32,785 Expenses: Packing supplies (50.359) 2,765 Oyster bed maintenance ($3,600) 3,000 Wages and salaries (52.380 + 58.489) 5,460 Shipping (50.759) 5,925 Utilities ($1,230) 1,230 Other (5470 - $0.01) 549 Total expense 18,929 Net operating income $ 13,856 The actual results for August appear below mint Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,9ee Revenue $ 26,6ee Check my w TULSI expeme Net operating income 10, $ 13,856 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,900 Revenue $ 26,600 Expenses: Packing supplies 2,935 Dyster bed maintenance 2,860 Wages and salaries 5,870 Shipping 5,655 Utilities 1,84e Other Total expense $ 7,071 Net operating income 1,269 19,529 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.) Quiloene Oysteria Check my work 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 (l.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