2 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: 4.16 points Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (g) 7,300 Revenue ($4.10g) $29,930 Expenses: eBook Packing supplies ($0.25g) 1,825 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,500 + $0.30g) 4,690 Shipping ($0.65g) 4,745 Hint Utilities ($1,260) 1,260 Other ($490 + $0.01g) 563 Total expense 16,583 Print Net operating income $ 13,347 References The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $27,300 Expenses: Packing supplies 1,995 Oyster bed maintenance 3,360 Wages and salaries 5,100 Shipping 4,475 1,070 Other 1,183 17,183 $10,117 Utilities Total expense 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.) Quilcene 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 Net operating income