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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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 7,300 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 (9) 7.300 $ 30,295 Revenue ($4.159) Expenses Packing supplies ($0.309) Oyster bed maintenance ($3,400) Wages and salaries ($2,600 + $0.300) Shipping ($0.659) Utilities ($1,270) Other ($440 + $0.019) Total expense Net operating income 2,190 3,400 4,790 4,745 1.270 513 16,908 $ 13,387 The actual results for August appear below Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.300 $26.500 Revenue Expenses Packing supplies Oyster bed maintenance 2.360 3,260 Next The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 $ 26,500 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,360 3,260 5, 200 4,475 1,080 1,133 17,508 $ 8,992 Required: Calculate the company's revenue and spending variances for August. (Indicate the e favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input Quilcene Oysteria 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 (.e., zero variance). Input all amounts as positive values.) Qullcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utos Other Total expense Not operating incomo

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