521 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 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 (9) 7.100 Revenue ($4.259) $ 30,175 Expenses Packing supplies ($0.409) 2,840 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,200 + $0.300) 4.330 Shipping ($0.759) 5.325 Utilities ($1,220) 1,220 Other ($450 + $0.014) Total expense 17,236 Net operating income $ 12,939 The actual results for August appear below: Quilene Oyateria Income statement For the Month Ended August 31 Actual pounds 7.100 Revenue $ 26,700 Expensen Packing supplies 3,010 Oyster bed maintenance 2,860 Wages and salaries 4,740 Shipping 5.055 Utilities 1,030 Other 1,141 Total expense 17,836 Net operating income $ 8,864 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 (.e., zero variance). Input all amounts as positive values.) Quilcone Oysteria Income Statement Tor the Month Ended August 31 Actual pounds 7.100 Revenue $ 26,700 Expenses Packing supplies 3,010 Oyster bed maintenance 2,860 Wages and salaries 4,740 Shipping 5,055 Utilities 1,030 Other 1,141 Total expense 17,836 Net operating income $ 8,864 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 (.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