7,300 $ 29,565 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.059) Expenses : Packing supplies ($0.259) Oyster bed maintenance ($3,000) Wages and salaries ($2,400 + $0.359) Shipping ($0.809) Utilities ($1,220) Other ($460 + $0.019) Total expense Net operating income 1,825 3,000 4,955 5,840 1,220 533 17, 373 $ 12,192 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 $ 27,300 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 1,995 2,860 5,365 5,570 1.030 1,153 17,973 $ 9,327 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F"fo favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)