Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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 (9) 7,900 $ 33,160 Revenue ($4.209) Expenses Packing supplies ($0.359) Oyster bed maintenance ($3,100) Wages and salaries ($2,200 + $0.300) Shipping (80.700) Utilities ($1,210) Other ($500 + $0.019) Total expense Net operating income 2,765 3.100 4,570 5,530 1,210 579 17,254 $ 15,426 The actual results for August appear below: Quilcone Oyster La Income Statement For the Month Ended Nugust 31 Actual pounde 7.900 $22. 100 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Not operating income 2.935 2,960 4.980 5.260 1.020 1199 18.254 $ 3.745 Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,960 4,980 5,260 1,020 1,199 18,354 $ 8,746 Required: Calculate the company's revenue and spending varlances for August. (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Quilcene Oystoria 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 Net operating income