7,700 $31,185 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.859) Expenses: Packing supplies ($0.4@q) Oyster bed maintenance ($3,000) Wages and salaries ($2,000 + $0.259) Shipping ($0.789) utilities ($1,240) Other ($500 + $0.019) Total expense Net operating income 3,880 3,00 3,925 5,390 1,240 577 17,212 $ 13,973 The actual results for August appear below. Quitcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 $ 26,820 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,250 2,860 4,335 5,120 1,ese 1,197 17,812 $ 8,988 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.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue U Expenses Packing supplies 0 Oyster bed maintenance 140 F Wages and salaries 4100 Shipping 270 F Utilities 190F Other Total expense 6000 Net operating income s 4.985 U