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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold $7,400$ 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 $($q$)7,400$

Revenue $($$$4\mathrm{.}20$q$)$ $ $31,080$

Expenses:

Packing supplies $($$$0\mathrm{.}30$q$)2,220$

Oyster bed maintenance $($$$3,100)3,100$

Wages and salaries $($$$2,300+$ $$0\mathrm{.}25$q$)4,150$

Shipping $($$$0\mathrm{.}75$q$)5,550$

Utilities $($$$1,250)1,250$

Other $($$$460+$ $$0\mathrm{.}01$q$)534$

Total expense $16,804$

Net operating income $ $14,276$

The actual results for August appear below:

Quilcene Oysteria

Income Statement

For the Month Ended August $31$

Actual pounds $7,400$

Revenue $ $27,300$

Expenses:

Packing supplies $2,390$

Oyster bed maintenance $2,960$

Wages and salaries $4,560$

Shipping $5,280$

Utilities $1,060$

Other $1,154$

Total expense $17,404$

Net operating income $ $9,896$

Required:

Calculate the company$$s revenue and spending variances for August.

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold $7,400$ pounds of oysters in

August. The company's flexible budget for August appears below:

The actual results for August appear below:

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.$)$

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