Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August The company's flexible budget for August appears below: 7,100 $ 29,465 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.159) Expenses : Packing supplies ($0.259) Oyster bed maintenance ($3,300) Wages and salaries ($2,300 + $0.409) Shipping ($0.759) Utilities ($1,250) Other ($410 + $0.019) Total expense Net operating income 1,775 3,300 5, 140 5, 325 1,250 481 17,271 $ 12,194 The actual results for August appear below: Quilcene Oysteria Income Statement Por the Month Ended August 31 Actual pounds 7,100 Revenue $ 26,500 Expenses : Packing supplies 1,945 Oyster bed maintenance 3, 160 Wages and salaries 5,550 Shipping 5,055 Utilities 1,060 Other 1,101 Total expense 17,871 Net nerating income $ 8,629 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 1,945 3,160 5,550 5,055 1,060 1,101 17,871 $ 8,629 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.) * Answer is not complete. Quilcone Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue $ (2,965) X Expenses: Packing supplies (170) Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income