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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August. The companys flexible budget

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August. The companys flexible budget for August appears below:

Quilcene Oysteria
Flexible Budget
For the Month Ended August 31
Actual pounds (q) 7,100
Revenue ($4.20q) $ 29,820
Expenses:
Packing supplies ($0.35q) 2,485
Oyster bed maintenance ($3,200) 3,200
Wages and salaries ($2,100 + $0.30q) 4,230
Shipping ($0.55q) 3,905
Utilities ($1,230) 1,230
Other ($480 + $0.01q) 551
Total expense 15,601
Net operating income $ 14,219

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds 7,100
Revenue $ 26,700
Expenses:
Packing supplies 2,655
Oyster bed maintenance 3,060
Wages and salaries 4,640
Shipping 3,635
Utilities 1,040
Other 1,171
Total expense 16,201
Net operating income $ 10,499

Calculate the companys revenue and spending variances for August.

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