Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The compan August. The company's flexible budget for August appears below. Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,400 $ 30,710 Revenue ($4.159) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,000) Wages and salaries ($2,000 + $0.359) Shipping ($0.559) Utilities ($1,270) Other ($470 + $0.014) Total expense Net operating income 2,590 3,000 4,590 4,070 1,270 544 16,064 $ 14,646 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 $ 26,800 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,760 2,860 5,000 3,800 1,080 1,164 16,664 $ 18,135 Required: Calculate the company's revenue and spending variances for August (Indicate the e favorable, "Ufor unfavorable, and "None" for no effect (i.e., zero variance). Input Qullcune Oysteria Revenue and Spending Variances Utilities Other Total expense Net operating income 1,080 1,164 16,664 $ 10,136 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each vorlance by selecting " favorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive volues.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue 26,800 Expenses Packing supplies 2,7600 Oyster bed maintenance TF Wages and salaries U Shipping Utilities Other U Total expense Net operating Income U Next Prey 2 of 2