Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in May. The actual results and planning budget for May appear below: Quilcene Oysteria Farms Operating Data for Month Ending May 31 Actual Planning Budget Pounds of oysters (q) 8,000 8,700 Revenue ($4.00q) $35,200 $34,800 Expenses: Packing ($0.50q) 4,200 4,350 Oyster bed maintenance ($3,200) 3,100 3,200 Wages ($2,900 + $0.30q) 5,640 5,510 Shipping ($0.80q) 6,950 6,960 Utilities ($830) 810 830 Admin expenses ($450 + $0.05q) 885 Total expenses 21,680 21,735 Net operating income $13,520 13,065 Required: 1. Prepare a report showing the company's revenue and spending variances for May. You can use the template on the next page or use your own. 2. What variances would be of greatest interest to the management team of the oyster farm? Briefly interpret those results