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Chapter 9 - Homework Saved Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It does not indicate completion. 2 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: 10 points Skipped 7,600 $ 30,780 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.059) Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,500) Wages and salaries ($2,690 + $0.509) Shipping ($0..709) Utilities ($1,240) Other ($460 + $0.919.) Total expense Net operating income 1,900 3,500 6,400 5,320 1, 240 536 18,896 $ 11,884 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 Revenue $ 27,200 Expenses: Packing supplies 2,070 Oyster bed maintenance 3,360 Wages and salaries 6,810 Shipping 5,050 Utilities 1,950 Other 1, 156 Total expense 19,496 Net operating $ 7,704 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). Input all amounts as positlve values.) TER Work underns snows What correct or incorrect to the work you have comple N Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 3,360 6,810 5,050 1,050 1, 156 19, 496 $ 7,704 10 poigts Net operating income Skipped Required: Calculate the company's revenue and spending varlances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income