Ches Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters in August. The company's flexible budget for August appears below Quileene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,800 $ 32, 370 Revenue ($4.159) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,500) Wages and salaries ($2,400 + $0.50) Shipping ($0.709) Utilities ($1,220) Other ($450 + $0.019) Total expense Net operating income 2, 340 3,500 6,300 5, 460 1,220 528 19,348 $13,022 The actual results for August appear below Quilcene Oyateria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $26,600 mework Saved The actual results for August appear below. Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 $ 26, 600 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 2, 510 3, 360 6, 710 5, 190 1,030 1,148 19,948 $ 6, 652 ces Net operating income Required: Calculate the company's revenue and spending variances for August. favorable, "U" for unfavorable, and "None" for no effect (i.e., zero ve Quilcene Oysteria Revenue and Spending Variances 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 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income