2 142 points Skipped Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7700 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 (9) 7,700 Revenue (54.209) $ 32,34 Expenses: Packing supplies (50.25) 1,925 Oyster bed maintenance ($3,300) 2,300 Wages and salaries ($2,480 + $0.454) 5,865 Shipping (38,689 4,620 Utilities ($1,22e) 1,220 Other (5400 + $0.01a) 477 Total expense 17.402 Net operating income $ 14,933 The actual results for August appear below. eBook Hint ASK Prins References Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $ 27,4ee Expenses: Packing supplies 2,095 Oyster bed maintenance 3,160 Wages and salaries 6,275 Shipping 4,35e Utilities 1,038 Other Total expense 18,007 Net operating income $ 9,393 1,29 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlence). Input all amounts as positive values.) Quiloene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense