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3 Exercise 9-3 Revenue and Spending Variances (L09-3] 22.37 points Skipped Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company's flexible budget for August appears below: Quildene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds () 7.900 Revenue (54.189) $32,399 Expenses Packing supplies (50.259) 1,975 Oyster bed maintenance ($3,189) 3.100 Wages and salaries ($2,200 + $0.259) 4,175 Shipping (50.550) 4,345 Utilities ($1,220) 1,22e Other (5440 + $0.014) Total expense 15.336 $ 17,056 Net operating income eBook Hint 519 Print o The actual results for August appear below References Quilcene Oysterio Income Statement For the Month Ended August 31 Actual pounds 7,900 Revenue $ 27, 100 Expenses: Packing supplies 2,145 Oyster bed maintenance 2,960 Wages and salaries 4,585 Shipping 4,075 Utilities 1,030 Other 1,139 Total expense 15,934 Net operating income $ 11,166 Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts os positive values.) Quilcene Oysteria Chapter 9 Homework Savo ILLU ILMU.wu. 3 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,989 2237 points $ 27,100 Skipped Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,145 2,960 4,585 4,075 1,030 1,139 15,934 $ 11, 166 eBook Hint Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varian favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as posi Print References Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income