Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600...

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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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4.20q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,000) Wages and salaries ($2,300 + $0.25q) Shipping ($0.70q) Utilities ($1,210) Other ($410 + $0.01q) Total expenses Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 7,600 $ 31,920 2,660 3,000 4,200 5,320 1,210 486 16,876 $ 15,044 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income Required: 7,600 $ 26,900 2,830 2,860 4,610 5,050 1,020 1,106 17,476 $ 9,424 Calculate the company's revenue and spending variances for August. Note: 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. Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 $ 5,020 U Packing supplies 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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4.20q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,000) Wages and salaries ($2,300 + $0.25q) Shipping ($0.70q) Utilities ($1,210) Other ($410 + $0.01q) Total expenses Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 7,600 $ 31,920 2,660 3,000 4,200 5,320 1,210 486 16,876 $ 15,044 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income Required: 7,600 $ 26,900 2,830 2,860 4,610 5,050 1,020 1,106 17,476 $ 9,424 Calculate the company's revenue and spending variances for August. Note: 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. Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 $ 5,020 U Packing supplies