3 85 solnits 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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 7,300 Revenue (54.209) $30,660 Expenses: Packing supplies (50.300) 2,190 Oyster bed maintenance ($3,100) 3.100 Wages and salaries ($2,500 + $0.250) 4,325 Shipping (50.650) 4,745 Utilities (51,250) 1,250 Other $510 + $0.019) 583 Total expense 16,193 Net operating income $ 14,467 oflook Prom References points eBook Hint Print The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 27,000 Expenses: Packing supplies 2,360 Oyster bed maintenance 2,960 Wages and salaries 4,735 Shipping 4,475 Utilities 1,060 Other 1,203 Total expense 16,793 Net operating income $10,207 References 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.) Quilcone 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