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uilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $ 26,700 Expenses: Packing supplies 3,250 Oyster bed maintenance 3,060 Wages
uilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $ 26,700 Expenses: Packing supplies 3,250 Oyster bed maintenance 3,060 Wages and salaries 4,720 Shipping 4,735 Utilities 1,060 Other 1,137 Total expense 17,962 Net operating income $ 8,738 Required: Calculate the companys 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.)
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