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

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Accounting

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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of oysters in August. The company's flexible budget for August appears below. Quilcene Oyateria Flexible budget For the Month Ended August 31 Actual pounds ) 7.100 Revenue 4.15 $29, 465 Packing upplies (10.30) Oyater bedintenance 3,500) Wages and salaries 2,400 + $0.40) Shipping (80.700) Dilities (120) Other (830 + 30.01 Total expense Net operating the 2.130 3.500 5,240 4,970 1.280 501 311.844 The actual results for August appear below. Quillcene Oyateria Income Statement For the Month Ended August 31 Actual pounds 7.100 Revenue $27, 100 Packing upplies Oyster bed maintenance wages and salaries Shipping DE 111 ties Other Total expense 2.300 3.360 5,650 1,700 Wet operating in 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 Expenses Packing supplies Oyster bed mentenance Wages and sales Shipping Tot expense Net operating income

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