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 7,600 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) 7,600 $ 31,920 Revenue ($4.20g) Expenses: Packing supplies ($0.30g) 2,280 Oyster bed maintenance ($3,100) 3,100 Wages and salaries (00+ $0.40g) 5,640 Shipping ($0.60g) 4,560 Utilities ($1,230) 1,230 486 Other ($410 + $0.019) Total expense 17,296 $ 14,624 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 Revenue $ 27,100 Expenses: Packing supplies 2,450 Oyster bed maintenance 2,960 Wages and salaries. 6,050 Shipping 4,290 Utilities 1,040 Other 1,106 Total expense 17,896 Net operating income $ 9,2045