2 Check my w Exercise 9-2 Prepare Report Showing Revenue and Spending Variances [LO9-2] a 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 2 polnts Quilcene Oysteria Flexible Budget For the Month Ended August 31 eBook Actual pounds (q) Hint 7,80e Revenue ($4.05g) Expenses: Packing supplies (se.30q) Oyster bed maintenance ($3,300) Wages and salaries ($2,60e se.48q) Shipping ($e.88q) Utilities ($1,30e) $31,590 Print References 2,340 3,3ee 5,72e 6,240 1,30e $38 Other ($460 $e.01q) 19,438 Total expense $ 12,152 Net operating income Next > 2 of 5 Prev Mc. Graw Hill acation E e Type here to search Help Seve & E Chec The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other $26,600 2,51e 3,160 6,130 5,970 1,11e 1,158 es Total expense 20,038 $ 6,562 Net operating income Required: Calculate the company's revenue and spending variances for August. (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.) Next> 2 of 5