2 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 pounds of oysters in August. The company's flexible budget for August appears below: 6 points Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,700 $ 31,955 eBook Met Hint Revenue ($4.159) Expenses: Packing supplies ($8.389) Oyster bed maintenance ($3,300) Wages and salaries ($2,508 + $0.259) Shipping ($8.789) Utilities ($1,280) Other ($450 + $0.814) Total expense Net operating income 2,310 3,300 4,425 5,390 1,280 527 17,232 $ 14,723 Print The actual results for August appear below: References Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 $ 27,300 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,480 3,160 4,835 5,12e 1, e9e 1,147 17,832 $9.468 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 (I.e., zero varlance). 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