Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: 7,300 $ 30,660 Qullcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.209) Expenses Packing supplies ($0.300) Oyster bed maintenance ($3,600) Wages and salaries ($2,100 + $0.400) Shipping (80.55) Utilities ($1,230) Other ($460 + $0.019) Total expenso Net operating income 2,190 3,600 5,020 4,015 1,230 533 16,588 $ 14,072 The actual results for just were as follows: 7.300 $ 27,200 Quilcone Oysterio Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expone Net operating income 2.360 3,460 5,430 3,745 1,040 1,153 17,188 $ 10,112 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.) 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.) Quilcone Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Not operating income