Exercise 9-2 Prepare a Report Showing Revenue and Spending Variances (L09-2) 2 Qullcene Oystetta farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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 (9) 3,000 co $32,000 Revenue (4.000) Expenses: Packing supplies (50.500) oyster bed maintenance ($3,200) wages and salaries ($2,900 + 50.300 Shipping (50.300) utilities (5830) other (5450+ $0.050) Total expense Net operating income 4. 3,200 5,20 6,400 83e eBook SSO Him 20,500 $ 11,420 The actual results for August appear below Quilcene bysterid Income Statement For the Month Ended August 31 "Actual pounds 3,000 Revenue 535,200 Expensest Packing supplies 4,200 oyster bed maintenance 3,100 wages and salaries 5,640 Shipping 6,950 utilities 810 other 980 Total expense 21,680 Net operating incon $ 13,520 Required: Calculate the company's revenue and spending varlances for August (indicate the effect of each variance by selecting " for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlence). Input all amounts os positive values.) Gudcene Oysteria Revenue and Spending Vinances For the Month Ended August 31 1 Revenge