7,300 $ 30,660 VUALIT Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.209) Expenses: Packing supplies ($0.300) Oyster bed maintenance ($3,200) Wages and salaries ($2,400 + $0.459) Shipping ($0.709) Utilities ($1,290) Other ($440 + $0.019) Total expense Net operating income The actual results for August appear below: 2,190 3,200 5,685 5, 110 1,290 513 17,988 $ 12,672 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 26,900 Expenses: Packing supplies 2,360 Oyster bed maintenance 3,960 Wages and salaries 6,095 Shipping 4,840 Utilities 1,100 Other 1,133 Total expense 18,588 Net operating income $ 8,312 Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance by selecting for favorable for infavorable and "Nane" for no effortler varianral Innut all amounte ne nositive valise 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 (i.e., zero variance). Input all amounts as positive values.) Qulicone Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Exponses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Not operating income