Exercise 9-2 Prepare a Report Showing Revenue and Spending Variances [LO9-2 Qullcene Oysterla farms and sells oysters In the Pacific Northwest. The company harvested and sold 7,400 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) 7,488 $3e,348 Revenue ($4.18q) Expenses: Packing supplies ($e.3eq) Oyster bed maintenance ($3,38) Wages ad salaries ($2,58$0.484) Shipping ($e.75q) utilities ($1,23e) other ($428$e.81q) 2,228 3,380 5,46e 5,55e 1,230 494 18,254 $12,886 Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,488 Revenue $27,40e Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities other 2,39e 3,168 5,87e 5,288 1,840 1,114 18,854 $8,546 Total expense Net operating income