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parker company farms and sells shrimp beds in the Pacific Northwest. The company harvested and sold 7,700 pounds of shrimp in August. The companys flexible

parker company farms and sells shrimp beds in the Pacific Northwest. The company harvested and sold 7,700 pounds of shrimp in August. The companys flexible budget for August appears below:

parker company
Flexible Budget
For the Month Ended August 31
Actual pounds (q) 7,700
Revenue ($4.15q) $ 31,955
Expenses:
Packing supplies ($0.35q) 2,695
bed maintenance ($3,100) 3,100
Wages and salaries ($2,200 + $0.30q) 4,510
Shipping ($0.65q) 5,005
Utilities ($1,270) 1,270
Other ($480 + $0.01q) 557
Total expense 17,137
Net operating income $ 14,818

The actual results for August appear below:

parker company
Income Statement
For the Month Ended August 31
Actual pounds 7,700
Revenue $ 26,600
Expenses:
Packing supplies 2,865
bed maintenance 2,960
Wages and salaries 4,920
Shipping 4,735
Utilities 1,080
Other 1,177
Total expense 17,737
Net operating income $ 8,863

Required:

Calculate the companys 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 (i.e., zero variance). Input all amounts as positive values.)

Need help figuring out the these BELOW please

Revenue and Spending Variances

For the Month Ended August 31

revenue

expenses:

packing supplies
bed maintenance
wages and salaries
shipping
utilities
other
total expense
net operating income

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