work
i.
Seved
\begin{tabular}{|c|c|}
\hline \begin{tabular}{c}
Quilcene Oysteria \\
Flexible Budget \\
For the Month Ended August 31
\end{tabular} & \\
\hline Actual pounds \( (q) \) & 7,500 \\
\hline Revenue \( (\$ 4.15 q) \) & \( \$ 31,125 \) \\
\hline Expenses: & \\
\hline Packing supplies \( (\$ 0.35 q) \) & 2,625 \\
\hline Oyster bed maintenance \( (\$ 3,500) \) & 3,500 \\
\hline Wages and salaries \( (\$ 2,200+\$ 0.45 q) \) & 5,575 \\
\hline Shipping (\$0.70q) & 5,250 \\
\hline Utilities \( (\$ 1,23 \theta) \) & 1,230 \\
\hline Other \( (\$ 460+\$ 0.01 q) \) & 535 \\
\hline Total expenses & 18,715 \\
\hline Net operating income & \( \$ 12,410 \) \\
\hline
\end{tabular}
The actual results for August were as follows:
\begin{tabular}{|c|c|}
\hline \begin{tabular}{l}
Quilcene Oysteria \\
Income Statement \\
For the Month Ended August 31
\end{tabular} & \\
\hline Actual pounds & 7,500 \\
\hline Revenue & \( \$ 26,800 \) \\
\hline Expenses: & \\
\hline Packing supplies & 2,795 \\
\hline Oyster bed maintenance & 3,360 \\
\hline Wages and salaries & 5,985 \\
\hline Shipping & 4,980 \\
\hline Utilities & 1,040 \\
\hline Other & 1,155 \\
\hline Total expenses & 19,315 \\
\hline Net operating income & \( \$ 7,485 \) \\
\hline
\end{tabular}
Required:
Calculate the company's revenue and spending variances for August.
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorabl variance). Input all amounts as positive values.
\begin{tabular}{|l|l|}
\hline \multicolumn{1}{|c|}{ Quilcene Oysteria } \\
\hline Revenue and Spending Variances \\
\hline Revenue \\
\hline Expenses: \\
\hline Packing supplies & \\
\hline Oyster bed maintenance & \\
\hline Wages and salaries & \\
\hline Shipping & \\
\hline Utilities & \\
\hline Other & \\
\hline Total expenses & \\
\hline Net operating income & \\
\hline
\end{tabular}
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