Check my work Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7700 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 (9) 7.700 $31,570 Revenue ($4.100) Expenses: Packing supplies (50.300) oyster bed maintenance ($3,600) Wages and salaries (52,100 - 30.359) Shipping (50.809) Utilities (51,290) Other (5410 + $0.019) Total expense Net operating income 2,310 3,600 4,795 6,160 1,290 ce 18,642 $12.928 The actual results for August appear below: Quitcene Oysteria Incone Statement For the Month Ended August 31 Actual pounds 7,700 527.300 Revenue Expenses Packing supplies byster bed maintenance 2.480 3,460 Help Save & E Submit 3 Het operating income $12.928 Check my work The actual results for August appear below nits Book Hint Prit Oilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue 527.300 Expenses Packing supplies 2.480 Oyster bed maintenance 3,460 Wages and salaries 5, 205 Shipping 5,890 Utilities 1,100 Other Total expense 19,242 $ 8,058 Net operating income furences 1,107 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 fi.e., zero variance). Input all amounts es positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31