2 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible budget for August appears below. Quilcene Oysteria Flexible Budget For the Month Ended August 31 10 points Skipped Actual pounds (9) 7,000 Revenue ($4.059) $ 28,350 Expenses: Packing supplies (50.300) 2,100 Oyster bed maintenance ($3,500) 3,500 eBook wages and salaries ($2,400 $0.45q) 5,550 Shipping (50.884) 5,600 Utilities ($1,270) 1,270 Other ($480 +$0.010) 550 Hint Total expense 18,570 Net operating income $9,780 Print References Actual pounds Revenue Expenses: The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 7,000 $ 27,400 Packing supplies 2,270 Oyster bed maintenance Wages and salaries 3,368 5,960 Shipping Utilities Other Total expense 5,330 1,080 1,178 19,170 Net operating income $ 8,238 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income