Flexible and Actual Units $($pounds$)$ are given belowCalculate revenue and spending variances for AugustGiven: Revenue$4$per poundOn OwnPacking Supplies$0\mathrm{.}5$per poundOyster Bed Maintenance$3200$flatWages & Salaries$2900$flat $-$ plus$0\mathrm{.}3$per poundShipping$0\mathrm{.}8$per pound Utilities$830$flat Other$450$flat $-$ plus$0\mathrm{.}05$per poundFlexible Budget & Actual Results for the Month Ending May $31$ ActualFlexibleRev & Spend'gPounds $($Q$)8,0008,000$Variances$($actual $-$ flexible$)$ Revenue$35,200$ Expenses: Packing Supplies$4,200$ Oyster Bed Maintenance$3,100$ Wages & Salaries$5,640$ Shipping$6,950$ Utilities$810$ Other$980$ Total Expenses$21,680$ Net Operating Income$13,520$