Exercise 8-2 prepare a report showing revenue and spending variances [LO8-2]

Exercise 8-2 Prepare a Report Showing Revenue and Spending Variances LO8-2] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7.100 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 (g) Revenue ($4.05q) Expenses 7.100 $28,755 Packing supplies ($0.35q) Oyster bed maintenance ($3,400) Wages and salaries ($2,600 Shipping ($0.70q) Utilities ($1,220) Other ($430 $0.01q) 2.485 3,400 S0.50q)6.150 4,970 1,220 501 Total expense 18,726 Net operating income $ 10,029