Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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) . . . . 8.000 Revenue ($4.00q) . . . . .. $32,000 Expenses: Packing supplies ($0.50q) . . ... 4,000 Oyster bed maintenance ($3,200). .. . 3.200 Wages and salaries ($2,900 + $0.30q). .. .. 5,300 Shipping ($0.80q) . ... 6,400 Utilities ($830) . . .. . . 830 Other ($450 + $0.05q) 850 Total expense . . . . 20,580 Net operating income.... $11,420The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds . . .. . 8,000 Revenue . . . . . .. $35,200 Expenses: Packing supplies . .... 4,200 Oyster bed maintenance . . . 3,100 Wages and salaries . . . . . . . . . 5,640 Shipping . . . . . . . 6,950 Utilities. . . . . 810 Other . . . . . . 980 Total expense . . 21,680 Net operating income . . . . . $13,520 Required: Prepare a report showing the company's revenue and spending variances for August