Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 points Actual pounds (q) Revenue ($4.10g) 7,700 $31,570 Expenses Packing supplies ($0.30g) Book 2,310 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,400 + $0.30g) 4,710 Shipping (50.70g) 5,390 Utilities ($1,210) 1,210 Other ($470 $0.01) 347 Total expense 17,367 Net operating incone i $14,203 The actual results for August were as follows: Quilcene Oysteria References Income Statement For the Month Ended August 31 Actual pounds Packing supplies Oyster bed maintenance Mages and salaries Shipping Utilities Other Total expense Set operating income Required: 7,700 527,100 2,480 3,060 5,120 5,120 1,020 1,167 17,967 $9,133 Calculate the company's revenue and spending variances for August Note: Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero blast