Chapter 9 - Homework Saved 2 10 points 8 014258 Skipped Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 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 (9) 7,100 Revenue ($4.209) $29,820 Expenses: Packing supplies ($0.40) 2,840 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,600 + $0.459) 5,795 Shipping ($0.65) 4,615 Utilities ($1,270) 1,270 Other ($500 + $0.019) 571 Total expense 18, 191 Net operating income $11,629 eBook Hint Print The actual results for August appear below: References Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,100 Revenue $27, 100 2 The actual results for August appear below: 10 points Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,100 014223 $27, 100 Slapped 3,010 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income eBook 2,960 6, 205 4,345 1,080 1, 191 18,791 $ 8,309 Hit Print Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values.) References Qullcene 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 Net operating income $ 8, 309 Print 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.) eferences 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 Mc Graw HILI