3 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 points Actual pounds (9) Revenue ($4.100) 7,500 $30,750 Expenses: Packing supplies (50.350) 2,625 02:32:26 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,300 + $0.300) 4,550 Shipping ($0.754) 5,625 Utilities ($1,200) 1,200 Other ($470 50.010) 545 Book Total expenses Net operating income 17,745 $13,005 Print The actual results for August were as follows: Quilcene Oysteria Income Statement For the Honth Ended August 31 Actual pounds Revenue Expenses Packing supplies Oyster bed maintenance wages and salaries Shipping Utilities Other Total expenses Net operating Income Required: 7,500 $ 26,900 2,795 3,000 4,900 5,355 1,010 1,165 10,345 58,555 Calculate the company's revenue and spending variances for August Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts es 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 Usities Other Total expenses Net operating income