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 (9) 7,500 $11,875 Revenue ($4.25) Expenses : Packing supplies ($0.409) Oyster bed maintenance ($3,100) Wages and salaries ($2,300 + $0.509) Shipping ($0.55) Utilities ($1,220) Other ($440 + $0.019) Total expense Net operating income 3,000 3,100 6,050 4,125 1.220 515 18,010 $ 13,865 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 27,500 Expenses: Packing supplies 3,170 Oyster bed maintenance 2,960 Wages and salaries - 6,460 Shipping 3,855 Utilities 1,030 Other 1,135 Total expense 18,610 Net operating income $ 8,890 Required: Calculate the company's revenue and spending vakiances 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.) Quilcone 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