Exercise 9-2 Prepare a Report Showing Revenue and Spending Variances [LO9-2] August. The company's flexible budget for August appears below 5 32,000 ($3,200) 6,400 838 Other ($450 + $0.059) Total expense 6,958 7 Wages and salaries Shipping Utilities Other 5,648 6,950 810 980 21,680 Total expense Net operating income s 13, 520 points awarded Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive ve Scored Quilcene Oysteria Revenue and Spending Variances 40 63 520 U 500 U For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed 150 maintenance Wages and salaries Shipping Utilities Other 860U 70 U 2,100U Total expense Net operating income