August. The company's flexible budget for August appe 7,200 $ 29,880 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.159) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,000) Wages and salaries ($2,400 + $0.459) Shipping ($0.80) Utilities ($1,260) Other ($420 + $0.019) Total expense Net operating income 2,520 3,000 5,640 5,760 1,260 492 18,672 $ 11, 208 ht ences The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,200 Revenue $ 26,900 Expenses: Packing supplies 2,690 Oyster bed maintenance 2,860 Wages and salaries 6,050 Shipping 5,490 Utilities 1,070 Other Total expense 1,112 19,272 Net operating income $ 7,628 Ac 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