Exercise 9-2 Prepare a Report Showing Revenue and Spending Variances (L09-2] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8.000 pounds of oysters in August. The company's flexible budget for August appears below: Quitcane Oysteria Flexible Budget Toz the Month Ended August 31 Actual pounds (9) Ruvu 154.209) 533, EDO Expeza: Packing supplies (50.100) 2,400 Cater bad maintenance 153,4) 3,40 Wages and salaries ($2,000+ $0.4591 5. Shipping (50.6091 4. Utilities (51,280) 1,200 Other 1500 + $0.019) 500 Total expen 10. DES Net operating is.com $ 15,540 The actual results for August appear below Quilcone Oysteria Income Statement To the Month Ended August 31 Actual pounde Reve 5 27,200 Expense Packing supplies Oyatar bed maintenance Wages and salaries Shipping Utilities Other Total expen 10, Het operating income 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 (.e., zero variance). Input all amounts as positive values.) Quilcone Oysteria Revenue and Spending Variances For the Month Ended August 31 Raven Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income