Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The companys flexible budget for August appears below:

Quilcene Oysteria

Flexible Budget

For the Month Ended August 31

Actual pounds (q)7,900

Revenue ($4.20q)$ 33,180

Expenses:

Packing supplies ($0.35q)2,765

Oyster bed maintenance ($3,100)3,100

Wages and salaries ($2,100 + $0.30q)4,470

Shipping ($0.80q)6,320

Utilities ($1,270)1,270

Other ($480 + $0.01q)559

Total expense18,484

Net operating income$ 14,696

The actual results for August were as follows:

Quilcene Oysteria

Income Statement

For the Month Ended August 31

Actual pounds7,900

Revenue$ 27,200

Expenses:

Packing supplies2,935

Oyster bed maintenance2,960

Wages and salaries4,880

Shipping6,050

Utilities1,080

Other1,179

Total expense19,084

Net operating income$ 8,116

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.)

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: The actual results for August were as follows? 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 (l.e., zero variance), Input all amounts as positive values.) 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: The actual results for August were as follows? 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 (l.e., zero variance), Input all amounts as positive values.) 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 (L.e., zero variance). Input all amounts as positive values.)