Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 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) 7,000 Revenue ($4.209) $ 29,400 Expenses Packing supplies ($0.40) 2,800 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,200 + $0.50) 5,700 Shipping ($0.559) 3,850 Utilities ($1,220) 1,220 Other ($440 + $0.019) 510 Total expense 17, 180 $12,220 Net operating income ces The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,000 Revenue $ 27,400 Expenses Packing supplies 2,970 Oyster bed maintenance 2,960 Wages and salaries 6,110 Shipping 3.580 Utilities 1.030 Other 1,130 Total expense 17, 780 $ 9,620 Net operating income Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance by selecting "F" for 3 of 5 Book Hint Print Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities erences Other Total expense Net operating income