Actual pounds (g) Revenue ($4.25g) Quilcene Oysteria Flexible Budget For the Month Ended August 31 Expenses: Packing supplies ($0.35g) Oyster bed maintenance ($3,300) Wages and salaries ($2,400 + $0.35g) Shipping ($0.75g) Utilities ($1,290) Other ($450 + $0.01g) Total expense Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: Shipping Utilities Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance. Wages and salaries Other Total expense Net operating income 7,600 $32,300 Quilcene Oysteria 2,660 3,300 5,060 5,700 1,290 526 18,536 $ 13,764 7,600 $ 26,900 2,830 3,160 5,470 5,430 1,100 1,146 19,136 $ 7,764 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.)

Answer rating: 100% (QA)

To calculate the revenue and spending variances for August we will compare the actual results with the flexible budget amounts 1 Revenue Variance Actu... View the full answer