Question: Hi Please note that this is one question, answers only please Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and

Hi

Please note that this is one question, answers only please

Hi Please note that this is one question, answers only please QuilceneOysteria farms and sells oysters in the Pacific Northwest. The company harvested

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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) Revenue ( $4.15q) Expenses: Packing supplies ($0.40q) Oyster bed maintenance ($3,200) Wages and salaries ($2,400+$0.40q) Shipping ( $0.60q) Utilities ($1,230) Other ($410+$0.01q) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities other Total expense Net operating income 7,900 $32,785 3,160 3,200 5,560 4,740 1,230 Required: 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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