3 1.5 points Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Plexible Budget For the Month Ended August 31 Actual pounda (9) 7,200 Revenue ($4.209) $ 30,240 Expenses Packing supplies ($0.409) 2,880 Oyster bed maintenance ($3,100) 3.100 Wages and salaries (52,200 + $0.300) 4,360 Shipping ($0.754) 5,400 Utilities ($1,290) 1,290 Other ($450 + $0.019) 522 Total expense 17,552 Net operating income $12,688 Book Print References The actual results for August appear below Oaileene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.200 Revenue $ 22400 Expenses Packing supplies 3,050 Oyster bed maintenance 2,960 Wages and salaries 4,770 Shipping 5,130 Utilities 1,100 Other 1.142 3 Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,050 2,960 4,770 5,130 1,100 1,142 18,152 $ 9,248 15 points eBook Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each vam favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as p Hint Print References 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