Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,800 $ 32,760 Revenue ($4.289) Expenses: Packing supplies ($9.309) Oyster bed maintenance ($3,680) Wages and salaries ($2,108 + $0.359) Shipping ($0.659) Utilities ($1,240) Other ($400 + $0.019) Total expense 2,340 3,600 4,830 5, eze 1,240 478 17,558 $ 15,202 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 $ 27, 200 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,51e 3,460 5, 240 4,800 1,050 1,098 18,158 $ 9,042 Required: Calculate the company's revenue and spending varlances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense I Net operatina income