Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears befow: 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 Total expense Net operating income 7, 300 $26,900 2,725 3,160 5,695 4,475 1,080 1,14318,278$8,622 \begin{tabular}{|l} \hline \\ \hline \\ Revenue and Spending Variances \\ For the Month Ended August 31 \\ \hline Revenue \\ \hline Expenses: \\ \hline Packing supplies \\ \hline Oyster bed maintenance \\ \hline Wages and salaries \\ \hline Shipping \\ \hline Utilities \\ \hline Other \\ \hline Total expense \\ \hline Net operating income \\ \hline \end{tabular}