Exam #2 wwws0gnal.com-mat Cat Chug e Ches.com Help Save & Ex Submit 4 points 0354:44 Exercise 9-3 (Algo) Revenue and Spending Variances [LO9-3] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7300 pounds of oysters in August The company's flexible budget for August appears below. Quilcene Oysteria Flexible Budget For the Month Ended August 311 Actual pounds (q) Revenue (54.250) Expenses: Packing, supplies ($0.40) Oyster bed maintenance ($3,200) Wages and salaries ($2,200 $0.350) Shipping (se.65g) Utilities ($1,220) Other (5458 $0.01) 7,100 $30,175 2,840 3,200 4,685 4,615 1,220 521 17,081 References Total expense Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statenent For the Month Ended August 31 Actual pounds Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities $ 13,094 7,100 $25,700 3,010 3,060 5,095 4,345 1,030 1,141 17681 Other Total expense Net operating income Required: $9,019 revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for rg) Ingut el amounts as positive values.) 4 Revenue Expenses: $26,700 Packing supplies Oyster bed maintenance 3,010 Wages and salaries 3,060 Shipping Utilities Other 5,095 4,345 1,038 1,141 1 Total expense 17,681 points Net operating income 59,019 2025424 Required: ellook 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 (ie., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue References Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Help Save & Exit Submit