ces Check my work Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 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 (q) 7,500 Revenue ($4.25q) $31,875 Expenses: Packing supplies ($0.40q) 3,000 Oyster bed maintenance ($3,100) Wages and salaries ($2,100 + $0.50q) Shipping ($0.609) 3,100 5,850 4,500 Utilities ($1,280) Other ($450 + $0.014) Total expense Net operating income 1,280 525 18,255 $ 13,620 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies 7,500 $ 27,200 3,170 Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,960 6,260 4,230 1,090 1,145 Total expense 18,855 Net operating Income $ 8,345 Other Total expense Net operating income 1,145 18,855 $ 8,345 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.) Revenue Expenses: Quilcene Oysterio Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income