Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters in August. The company's flexible budget for August appears below: Actual pounds (q) Revenue ($4.15q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,500) Wages and salaries ($2,500 + $0.40q) Shipping ($0.55g) Utilities ($1,270) Other ($450 + $0.019) Total expense Net operating income. Quilcene Oysteria Flexible Budget For the Month Ended August 31 The actual results for August were as follows: Actual pounds Revenue Expenses: Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income. Revenue Expenses: 7,800 $ 32,370 Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 2,730 3,500 Packing supplies Oyster bed maintenance 5,620 4,290 1,270 528 17,938 $ 14,432 7,800 $ 26,800 Required: Calculate the company's revenue and spending variances for August. 2,900 3,360 6,030 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. 4,020 1,080 1,148 18,538 $ 8,262

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