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Exercise 9-2 (Static) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Quilcene Oysteria farms and selis oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The comparin's flexible budget for August appears below: The actual results for August appear below: Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for fevorable, "U" for unfavorable, and "None" for no effect (i.e., zero verience). Input all amounts as positive velues.) 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 (i.e., zero variance). Input all amounts as positive values.) Exercise 9-3 (Static) Prepare a Flexible Budget with More Than One Cost Driver [LO9-3] 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 80 passengers can be accommodated on the tour boat. Data conceming the company's cost formulas appear below: For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's sales should average $25 per passenger. In July, the company provided 24 cruises for a total of 1,400 passengers. Required: Prepore the company's flexible budget for July. Problem 9-23 (Algo) Flexible Budgets and Spending Variances [LO9-1, LO9-2] You hove just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to heip us get better control of our manufacturing overhead costs. You find that the company has never used a flexble budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control After much effort and analysis; you determined the following cost formulas and gathered the following actual cost data for March. During March, the company worked 18,000 machine hours and produced 12,000 units. The company had originally planned to work 20,000 machine-hours during March. Required: 1. Prepare a flexible budget for March. 2. Prepore a report showing the spending variances for March. Complete this question by entering your answers in the tabs below. Prepare a fledble budget for March. (Input all amounts as positive values.) Prepare a report showing the spending variances for March. (Indicate the effect favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). In