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Exercise 9-3(Algo) Revenue and Spending Variances [LO9-3] Quilcene Oysteria farms and sells oysters...

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Accounting

Exercise 9-3(Algo) Revenue and Spending Variances [LO9-3]
Quilcene 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:
The actual results for August were as follows:
Required:
Calculate the company's revenue and spending variances for August.
Note: 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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