indicate c Qullcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters ir August. The company's flexible budget for August appears below: Quilcene Oysteria Plexible fudget For the Month Unded August 31 Actual pounds (9) 7.800 Revenue (54.150) $ 32,370 Expenses Packing supplies (0.259) 1,950 Oyster bed maintenance ($3,400) 3.400 Wages and salaries ($2,500 + $0.454) 6,010 Shipping (50.809) 6,240 Utilities (51.280) 1.280 Other (5400 - $0.0191 Total expense 19,358 Net operating income $ 13,012 The actual results for August appear below: Dalleone Oysteria Income Statement Tor the Month Ended August 31 Actual pounds 7.300 021,400 txpenses Packing supplies 7.120 Oyster bod maintenance 3.250 Hages and salaries 5.420 478 Revenue Total expenses Net operating income $ 13,012 the actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $ 1,400 Expenses: Packing supplies 2,120 Oyster bed maintenance 3,260 Wages and salaries 6,420 Shipping 5,970 Utilities 1,090 Other 1,098 Total expense 19,958 Net operating income $ 7,442 Required: Calculate the company's revenue and spending variances for August. (In favorable, "U" for unfavorable, and "None" for no effect (.e., zero varia Calculate the company's revenue and spending variances for August (1 favorable, "U" for unfavorable, and "None" for no effect (.e., zero vari Answer is not complete. Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue $ 27,400 X U Expenses: Packing supplies 2,120 X U Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income