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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The companys flexible budget

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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) 8,000
Revenue ($4.20q) $ 33,600
Expenses:
Packing supplies ($0.25q) 2,000
Oyster bed maintenance ($3,400) 3,400
Wages and salaries ($2,400 + $0.35q) 5,200
Shipping ($0.65q) 5,200
Utilities ($1,210) 1,210
Other ($460 + $0.01q) 540
Total expense 17,550
Net operating income $ 16,050

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds 8,000
Revenue $ 27,200
Expenses:
Packing supplies 2,170
Oyster bed maintenance 3,260
Wages and salaries 5,610
Shipping 4,930
Utilities 1,020
Other 1,160
Total expense 18,150
Net operating income $ 9,050

Required:

Calculate the companys revenue and spending variances for August.

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