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company harvested and sold 7,500 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,500 $ 31,500 Revenue ($4.289) Expenses: Packing supplies (50.300) Oyster bed maintenance ($3,300) Wages and salaries ($2,100 + $0.254) Shipping ($0.659) Utilities ($1,240) Other ($460 + $0.014) Total expense Net operating income 2,250 3,300 3,975 4,875 1,240 535 16,175 $ 15,325 The actual results for August appear below Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 $ 26,809 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,420 3,160 4,385 4,605 1,950 1,155 16,775 $ 19,025 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 (i.e., zero variance). Input all amounts as positive values.) Quilcene Oysteria Ravenue and Spending Variances For the Mouth Ended August 31 Revenue $ 4.700 U Expenses Packing supplies 1700 Oyster bed maintenance 140 F Wages and salaries 410 U Shipping 270 Utilities 190 Other 6200 Total expense 6000 Net operating income 5 4.100U e 9 1:47 PM 11/15/2020 16