12.5 points 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: eBook Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Hint 7,900 Print $ 32,390 References Revenue ($4.100) Expenses : Packing supplies ($0.259) Oyster bed maintenance ($3,200) Wages and salaries ($2,500 + $0.40) Shipping ($0.709) Utilities ($1,210) Other ($410 + $0.019) Total expense Net operating income 1,975 3,200 5,660 5,530 1,210 489 18,064 $ 14,326 The actual results for August were as follows: 12.5 points Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,900 eBook Hint $ 27,300 Print References Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,145 3,060 6,070 5,260 1,020 1,109 18,664 $ 8,636 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selectia favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) points Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 eBook Hint Revenue Print References Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income