490 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible budget for August appears below. Quilcene Oynteria Plexible Budget For the Month Ended August 31 Actual pounds (9) 7,000 Revenge ($4.109) $ 28,700 Expenses Packing supplies ($0.359) 2,450 Oyster bed maintenance ($3,200) 3,200 ) 4,650 Shipping ($0.759) 5,250 Utilities ($1,220) 1,220 Other (8420 + $0.019) Total expense 17.260 Net operating income $ 11,440 The actual results for August appear below. Quilcene Oysteria Income Statement Tor the Month Ended August 01 Actual pounds 7,000 Revenue Expenses Packing supplies 2,620 Oyster bed maintenance 3,060 Wages and salaries 5,040 Shipping 4.900 Utilities 1.00 1,210 Total expense 12.860 $ 9,640 rating income Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (le., zero variance), Input all amounts as positive values.) $26,700 Other Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,000 Revenue $ 26,700 Expenses: Packing supplies 2,620 Oyster bed maintenance 3,060 Wages and salaries 5,060 Shipping 4,980 Utilities 1,030 Other 1,110 Total expense 17,860 Net operating income $ 8,840 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as ces 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 Not operating income