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Quilcene ysteria farms and selis oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company's flexible budget

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Quilcene ysteria farms and selis oysters in the Pacific Northwest. The company harvested and sold 7,900 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 (q) 7,900 $ 33,180 Revenue ($4.20q) Expenses Packing supplies ($0.35q) Oyster bed maintenance ($3,300) Wages and salaries ($2,400 $0.48q) Shipping ($0.55q) Utilities ($1,270) Other ($450 $e.01q) 2,765 3,300 5,560 4, 345 1,270 529 17,769 $ 15,411 Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,900 $ 26,600 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,935 3,160 5,970 4,075 1,980 1,149 18,369 $ 8,231 Total expense Net operating income 18, 369 $ 8,231 Total expense Net operating income 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 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income

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