Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4.20q) Expenses: Packing supplies ($0.40q) Oyster bed maintenance ($3,200) Wages and salaries ($2,400 + $0.50g) Shipping ($0.60q) Utilities ($1,230) Other ($420 +$0.01g) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries. Shipping Utilities Other 7,200 $ 26,900 3,050 3,060 6,410 4,050 1,040 1.112 7,200 $ 30,240 2,880 3,200 6,000 4,320 1,230 492 18,122 $ 12,118 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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 (q) Revenue ($4.20g) Expenses: Packing supplies ($0.40g) Oyster bed maintenance ($3,200) Wages and salaries ($2,400 $0.50g) Shipping (50.60g) Utilities ($1,230) Other (5420 50.010) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Mages and salaries) Shipping 7,200 $ 26,988 3,050 3,060 6,410 4,050 1,040 7,200 $ 30,240 2,880 3,200 6,000 4,320 1,238 4921 18,122 $ 12,118 Utilities Other 1,112 Total expense 1,722 Net operating incone 50,178 Required: Utilities Other Total expense Net operating income Required: 1,040 1,112 18,722 $ 8,178. 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 (ie., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income