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 (a) 8,000 $ 33,200 Revenue ($4.159) Expenses: Packing supplies ($0.25) Oyster bed maintenance ($3,500) Wages and salaries ($2,100 + $0.359) Shipping ($0.759) Utilities ($1,230) Other ($470 + $0.019) Total expense Net operating income ces 2,000 3,500 4,900 6,990 1,230 550 18,180 $ 15,020 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $ 27,490 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shinning 2,170 3,360 5,310 5.739 7 of 8 Next Net operating income $ 8,620 Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance b favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 it Revenue inces Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income