Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,488 $ 31.08 Revenue ($4.289) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,600) Wages and salaries ($2,588 + $0.409) Shipping ($0.889) Utilities ($1,210) Other ($499 + $0.019) Total expense Net operating income 2,220 3,600 5,460 5,92e 1,210 564 18.974 12.106 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,40e $ 27. see Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 2,390 3,460 5,870 5,650 1.ee 1,184 19,574 7,726 $ Net operating income 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 (.e., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue 3,700 Expenses: Packing supplies 1700 Oyster bed maintenance 140 F Wages and salaries 4100 Shipping 270F Utilities 190 F Other 620 Total expense 600F Net operating income S 4.461 F