-Homework Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 7,600 $ 27,200 2,070 3,360 6,810 5,050 1,050 1,156 19,496 $7,704 Saved Net operating income Required: Calculate the company's revenue and spending varlances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income < Prex 2 of 5 Next 3 Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier Management has identified two cost drivers-the number of cruises and the number of passengers-that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand. Up to 85 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below 10 points Vessel operating costs Skipped Advertising Fixed Cost per Month $6,100 $ 2,500 Cost per Cruise $ 472.00 Cost per Passenger $ 3.50 Administrative costs Insurance $ 5,500 $ 3,300 $ 34.00 $ 1.50 For example, vessel operating costs should be $6,100 per month plus $472.00 per cruise plus $3.50 per passenger. The company's sales should average $35.00 per passenger. In July, the company provided 59 cruises for a total of 3,150 passengers. Required: Prepare the company's flexible budget for July Answer is not complete. Alyeski Tours Flexible Budget For the Month Ended July 31 Revenue Expenses: Vessel operating costs Advertising Administrative costs Insurance 0 Total expense Net operating income $ 0