Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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 (a) 7,600 Revenue ($4.20g) $31,920 Expenses: Packing supplies ($0.25q) 1.900 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,400 $0.400) 5,440 Shipping (50.80g) 6,000 Utilities ($1,230) 1,230 Total expense Other ($420 $0.019) Net operating income The actual roculte for Annen fallou 496 18,646 $ 13,274 1 points The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Pint Ask Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Print Shipping Utilities Other Total expense References Net operating income 7,600 $ 26,000 2,070 3,300 5,850 5,010 1,040 1,116 19,246 $ 7,554 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 (ie., zero variance). Input all amounts as positive values.) Chapter 98 Homework Problems 2 Net operating income $1,354 1 points 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.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 aBook Hir Revenue Expenses Ash Packing supplies Print Oyster bed maintenance References Wages and salaries Shipping Utte Other Total expense Net operating income 4. Help