Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7500 pounds of oysters in August. The company's flexible budget for August appears below Plexible Budget 7,500 Revenue ($4.20) Expenses $ 31,500 2,625 3,500 Oyster bed maintenance (3,500) Wages and salaries ($2,100$0.35g) Shipping (0.75g) Utilities ($1,250) other ($420 0.0ig) Print 5, 625 ,250 495 Total expense Net operating income The actual results for August appear below: ,500 5 27,000 #27-E9-3(1) & E9-40) Help Save & Exit Submit The actual results for August appear below 7,500 Revenue Expenses: Packing supplies oyster bed maintenance Wages and salaries Shipping Utilities Other 2,795 3,360 5,135 5,355 1,060 1.115 Total expense tet operating income 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 and Spending Variances 31 Help Save & Exit Submit Check my work 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 Revenue and Spending Variances ok Utilities Total e Net operating income