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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

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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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,988 $33,575 Revenue ($4.25q) Expenses: Packing supplies ($8.35q) Oyster bed maintenance ($3,58e) Wages and salaries ($2,488$8.35q) Shipping ($8.68g) Utilities ($1,258) Other ($49e$8.81q) 2,765 3, 580 5,165 4,748 1,250 569 17,989 Total expense Net operating income $ 15,586 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,98e $ 26,589 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,935 3,368 5, 575 4,470 1,86e 1,189 18,589 $ 7,911 Total expense Net operating income Requlrec: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and " one" for no effect (Le., zero variance). Input all amounts as p sltlve values.) 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

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