Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 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) Revenue ($4.10q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,600) Wages and salaries ($2,400 + $0.50q) Shipping ($0.80q) Utilities ($1,230) Other ($460+ $0.019) Total expenses Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income 7,100 $ 29,110 2,485 3,600 5,950 5,680 1,230 531 19,476 $ 9,634 7,100 $ 26,500 2,655 3,460 6,360 5,410 1,040 1,151 20,076 $ 6,424 Required: Calculate the company's revenue and spending variances for August. horladie of cach variance by selecting "F" for favorable "L" for unfavorable and "Nope" for no effect lie 7050

Quilcene Oysteria farms and selis oysters in the Pacific Northwest. The company harvested and sold 7,100 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