Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company ha August. The company's flexible budget for August appears below: 8,000 $ 32,000 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.00) Expenses: Packing supplies ($0.509) Oyster bed maintenance ($3,200) Wages and salaries ($2,900 + $0.309) Shipping ($0.80) Utilities ($830) Other ($450 + $0.059) Total expense Net operating income 4,000 3,200 5,300 6,400 830 850 20,580 $ 11,420 The 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 $ 35,200 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 4,200 3,100 5,640 6,950 810 980 21,680 $ 13,520 Required: Calculate the company's revenue and spending variances for A favorable, "U" for unfavorable, and "None" for no effect (i.e., 1 Quilcene 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 Net operating income