Exercise 9-2 (Algo) Prepare a Report Showing Revenue and Spending Variances [LO9-2] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 pounds of oyster in August. The company's flexible budget for August appears below: The actual results for August appear below: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) The actual results for August appear below: Required: Calculate the company's revenue and spending variances for August. (Indicote 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.)