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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The companys flexible budget

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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) 7,900
Revenue ($4.15q) $ 32,785
Expenses:
Packing supplies ($0.25q) 1,975
Oyster bed maintenance ($3,400) 3,400
Wages and salaries ($2,100 + $0.30q) 4,470
Shipping ($0.55q) 4,345
Utilities ($1,280) 1,280
Other ($420 + $0.01q) 499
Total expense 15,969
Net operating income $ 16,816

The actual results for August appear below:

Quilcene Oysteria Income Statement For the Month Ended August 31
Actual pounds 7,900
Revenue $ 27,400
Expenses:
Packing supplies 2,145
Oyster bed maintenance 3,260
Wages and salaries 4,880
Shipping 4,075
Utilities 1,090
Other 1,119
Total expense 16,569
Net operating income $ 10,831
image text in transcribed
Required Compute the company's revenue and spending variances for August. Indicate the effect of each variance by selecting "F" for favorable, " for unfavorable, and "None" for no effect (.e, zero variance). Input all amounts as positive values.) Qullcens Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Wages and ???, Other Total expense Net operating income

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