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Qullcene Oysterla farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible budget

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Qullcene Oysterla farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible budget for August appears below: 7.000 $28.700 Quilcone Oyateria Flexible Mudget For the Month Inded August 31 Actual pounda (9) Revenue ($4.100) Expenses Packing supplies ($0.309) Oyster bed maintenance ($3,300) Wages and salaries ($2,300 + $0.259) Shipping (60.600) Utilities ($1,240) Other ($480 + $0.019) Total expense Net operating income 2,100 3,300 4.050 4,200 1,240 550 15.440 $ 13,260 The actual results for August appear below: Quilcone Oysteria Income Statement For the Month Ended August 31 Actunl pounds 7,000 Revenue 527,200 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 (.o., zero variance). Input all amounts as positive values.) Quilcone Oysteria Ravenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Nat operating income

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