4 1 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteris Flexible Budget For the Month Ended August 31 points Actual pounds (9) Skipped Revenue ($4.109) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,100) eBook Hint Print llages and salaries ($2,100 + $0.359) Shipping ($0.704) Utilities ($1,260) Other ($470 + $0.019) Total expense Net operating income The actual results for August were as follows: Actual pounds Revenue Expenses: Packing supplies Quilcene Oysteria Income Statement For the Month Ended August 31 Oyster bed maintenance llages and salaries Shipping Utilities Other Total expense Net operating income Required: 7,400 $ 30,340 2,590 3,100 4,690 5,180 1,260 544 17,364 $ 12,976 7,400 $ 26,700 2,760 2,960 5,100 4,910 1,070 1,164 17,964 $ 8,736 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.) 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