uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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) 7,600 Revenue ($4.25q) $ 32,300 Expenses: Packing supplies ($0.359) 2,660 Oyster bed maintenance ($3,400) 3,400 Wages and salaries ($2,400 + $0.309) 4,680 Shipping ($0.659) 4,940 Utilities ($1,290) 1,290 Other ($480 + $0.019) 556 Total expense 17,526 $ 14,774 Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue 7,600 $ 26,600 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping 2,830 3,260 5,090 4,670 Utilities 1,100 Other Total expense 1,176 18,126 Net operating income $ 8,474 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 Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses per Month Cost per Car Washed $0.60 $1,400 $0.08 $0.10 $4,300 $0.20 $8,000 $2,200 $1,300 $0.03 For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.30 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,400 $ 54,390 5,480 2,034 1,070 6,320 8,000 2,400 1,449 26,753 $ 27,637 Required: Prepare a flexible budget performance report that shows the company's revenue and spending varlances and activity variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Lavage Rapide Flexible Budget Performance Report For the Month Ended August 31 Cars washed Revenue Actual Results 8,400 $ 54,390 Expenses: Cleaning supplies 5,480 Electricity 2,034 Maintenance 1,070 Wages and salaries 6,320 Depreciation 8,000 Rent 2,400 Administrative expenses 1,449 Total expense 28,753 Net operating income $ 27,637 Flexible Planning Budget Budget The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean Island of St. Lucia. The blood bank has just finished its operations for September, which was a very busy month due to a powerful hurricane that hit neighboring Islands causing many injuries. The hurricane largely bypassed St. Lucia, but residents of St. Lucia willingly donated their blood to help people on other Islands. As a consequence, the blood bank collected and processed over 20% more blood than had been originally planned for the month. A report prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below. Continued support from the government depends on the blood bank's ability to demonstrate control over its costs. St. Lucia Blood Bank Cost Control Report For the Month Ended September 30 Actual Results 580 Planning Budget 460 Variances Liters of blood collected Medical supplies Lab tests $ 7,590 $ 6,210 5,060 4,876 $ 1,380 U 184 U Equipment depreciation 3,220 2,900 320 U Rent Utilities Administration Total expense 1,200 1,200 8 678 11,768 600 78 U 11,258 510 U $ 29,516 $ 27,044 $ 2,472 U The managing director of the blood bank was very unhappy with this report, claiming that his costs were higher than expected due to the emergency on the neighboring Islands. He also pointed out that the additional costs had been fully covered by payments from grateful recipients on the other Islands. The government official who prepared the report countered that all of the figures had been submitted by the blood bank to the government; he was just pointing out that actual costs were a lot higher than promised in the budget. The following cost formulas were used to construct the planning budget: Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Cost Formulas $13.50q $10.609 $2,900 $1,200 $600 $10,200 + $2.309 Required: 1.Complete the flexible budget performance report for September. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) St. Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Actual Results Liters of blood collected 580 Medical supplies Lab tests Equipment depreciation Rent $ 7,590 5,060 3,220 1,200 Utilities Administration Total expense 678 11,768 $ 29,516 Flexible Budget Planning Budget 460 $ 6,210 4,876 2,900 1,200 600 11,258 $ 27,044