3 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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (0) 7,700 Revenue ($4.250) $32,725 2,695 Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,400) Wages and salaries ($2,300 + $0.45) Shipping ($0.550) Utilities ($1,230) Other ($420 + $0.019) 3.400 5.765 4,235 1,230 497 17,822 Total expense Net operating income $ 14,903 he actual results for August appear below: WK 4 - Apply: Connect Assignment, Week 4 (du... Saved The actual results for August appear below: 8.57 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue points $27.500 Skipped Expenses: Packing supplies 2,865 3,260 Oyster bed maintenance Wages and salaries Shipping Utilities Other 6,175 3,965 1,040 18,422 Total expense Net operating income $9.078 Required: Compute 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 (.e. zero variance). Input all amounts as positive values.) 8.57 Doln Skipped 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