Quilcene Oysteria farms and sells oysters in the Pacic Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's exible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds to) 7,666 Revenue ($4.16q} $28,766 Expenses: Packing supplies ($6.36q) 2,166 Oyster bed maintenance ($3,2II) 3,2II Wages and salaries ($2,166 + $6.45q} 5,259 Shipping ($9.76q) 4,996 Utilities ($1,233) 1,236 Other ($416 + $6.61q) 433 Total expense 17,166 $11,543 Net operating income r_________________________________ The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,666 Revenue $25.533 Expenses: Packing supplies 2,276 Oyster bed maintenance 3,666 Wages and salaries 5,666 Shipping 4,636 Utilities 1,646 Other 1.193 Total expense 17.753 Net operating income _LZE_ ' 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.) Revenue __ \" Packin- su- dies __ Oyster bed maintenance Wages and salaries __ __ Ei___ -.___ Net operating - income