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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold...

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Accounting

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters in August. The companys flexible budget for August appears below:
Quilcene Oysteria
Flexible Budget
For the Month Ended August 31
Actual pounds (q)7,800
Revenue ($4.10q) $ 31,980
Expenses:
Packing supplies ($0.30q)2,340
Oyster bed maintenance ($3,000)3,000
Wages and salaries ($2,300+ $0.35q)5,030
Shipping ($0.60q)4,680
Utilities ($1,250)1,250
Other ($420+ $0.01q)498
Total expenses 16,798
Net operating income $ 15,182
The actual results for August were as follows:
Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds 7,800
Revenue $ 26,800
Expenses:
Packing supplies 2,510
Oyster bed maintenance 2,860
Wages and salaries 5,440
Shipping 4,410
Utilities 1,060
Other 1,118
Total expenses 17,398
Net operating income $ 9,402
Required:
Calculate the companys revenue and spending variances for August.

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