Exercise 9-2 (Algo) 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 7,800 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 (q) Revenue ($4.25g). Expenses: Packing supplies ($0.35g) Oyster bed maintenance ($3,400) Wages and salaries ($2,200 $0.45g) Shipping ($0.60g) Utilities ($1,250) Other ($400 + $0.01g) Total expense Net operating income 7,800 $ 33,150 2,730 3,400 5,710. 4,680 1,250 478 18,248 $ 14,902