Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8.000 pounds of oysters in August Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 8,000 Revenue (54.050) $32,400 Expenses Packing supplies (50.300) 2.400 Oyster bed maintenance ($3,200) 3.200 Wages and salaries ($2,500 + $0.400) 5,700 Shipping (50.700) 5.600 Utilities ($1,260) 1260 Other ($430 - $0.019) 510 Total expense 18,670 Net operating income $13,730 The actual results for August appear below Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 Revenue $26,600 Expenses Packing supplies 2,570 Oyster bed maintenance 3,060 Wages and salaries 6,110 Shipping 5,330 Utilities 1.070 Other 1,130 Total expense 19,270 Net operating income $ 7.330 Required: Compute the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favo zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 U Revenue Expenses Packing supplies Oyster bed maintenance Wages and salanes Shipping Utilities Other Total expense Net operating income CICMC U