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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 company's flexible budget

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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 company's flexible budget for August appears below: Oilcone Oysterin Flexible budget For the Month Unded August 31 Actual pounds (9) 8.000 533,600 Revenue (94.209) Expenses Packing supplies ($0.359) Oyster bed maintenance ($3,000) Wagon and salaries (52,400 $0.40) Shipping ($0.659) Unities ($1,280) Other ($500 + $0.019) Total expense Not operating income 2,800 3,000 5,600 5,206 1,280 580 18,460 $ 15,140 The actual results for August were as follows: Oullcene Oysteria Income Statement For the Month Ended August 31 Actual poundin 8,000 $ 27,200 Revenue Expenses Packing supplies Oyster bed, maintenance Wagon and salarios Shipping Utilities Other Total expense Net operating income 2,970 2,860 6.010 4,930 1,090 1,200 19.060 $ 8,140 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.)

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