es Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in August. The company's flexible budget for August appears below: For Actual pounds (q) Revenue ($4.15q) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,500) Wages and salaries ($2,600 + $0.45q) Shipping ($0.75q) Utilities ($1,300) Other ($430 + $0.019) Total expense Net operating income Actual pounds Revenue Quilcene Oysteria Flexible Budget the Month Ended August 31 The actual results for August were as follows: Expenses: Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries. Shipping Utilities Other Total expense Net operating income 7,600 $ 31,540 2,280 3,500 6,020 5,700 1,300 506 19,306 $ 12,234 7,600 $ 27,000 2,450 3,360 6,430 5,430 1,110 1,126 19,906 $7,094 Required: Calculate the company's revenue and spending variances for August.

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in August. The company's fiexible budget for August appears below: The actual results for August were as follows: Required: Calculate the company's revenue and spending variances for August