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Quilcene Oyateris forms and sellis oysters in the Pacific Northwess. The company harvested and sold 7700 pounds of oysters in August. The company's flexible budget for August appears below: Quilcone Oysteria Flexible Budget For the Month Ended August Actual pounds) Revenue ($4.159) 33.955 Expenses: Packing supplies (50.350) 2.695 Oyster bed maintenance (53,400) wages and salaries (52,100 $0.489) 5. Shipping ($0.654) 5.co utilities ($1,260) 1.250 Other (5410 $0.019) Total expense 15,227 Net operating income 3,400 4.735 2.102 The actual results for August were as follows: Quilcone Oysteria Income Statement For the Month Inded August Actual pounds Revenue $26.00 Expenses Packing supplies 2.565 Oyster bed maintenance 3.250 kages and salaries S.590 Shipping Utilities 1.270 Other Total expense Net operating income Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variancel. Input all amounts as positive values.) Qulioane Oysteria Revenue and Spending variances For the Month Ended August 31 Revenue Expenses Packing suppies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Quilcene Oyateris forms and sellis oysters in the Pacific Northwess. The company harvested and sold 7700 pounds of oysters in August. The company's flexible budget for August appears below: Quilcone Oysteria Flexible Budget For the Month Ended August Actual pounds) Revenue ($4.159) 33.955 Expenses: Packing supplies (50.350) 2.695 Oyster bed maintenance (53,400) wages and salaries (52,100 $0.489) 5. Shipping ($0.654) 5.co utilities ($1,260) 1.250 Other (5410 $0.019) Total expense 15,227 Net operating income 3,400 4.735 2.102 The actual results for August were as follows: Quilcone Oysteria Income Statement For the Month Inded August Actual pounds Revenue $26.00 Expenses Packing supplies 2.565 Oyster bed maintenance 3.250 kages and salaries S.590 Shipping Utilities 1.270 Other Total expense Net operating income Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variancel. Input all amounts as positive values.) Qulioane Oysteria Revenue and Spending variances For the Month Ended August 31 Revenue Expenses Packing suppies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income