Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: 7,380 $ 30,295 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) Revenue (54.159) Expenses: Packing supplies ($0.389) Oyster bed maintenance ($3,000) Wages and salaries ($2,300 + $0.359) Shippins (50.869) Utilities ($1,290) Other (5468 - 30.019) Total expense Net operating Income The actual results for August appear below. 2,190 3,000 4,855 5,840 1,298 533 17,708 $ 12,587 Qullcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 evenue 1.22.500 Expenses Packing supplies 2,360 Oyster bed maintenance 2,860 Wages and salaries 5,265 Shipping 5,570 Utilities 1.100 Other 1,153 Total expense 13.00 Net operating income $9,192 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 (ie, zero variance). Input all amounts as positive values.) 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 (le, zero variance). Input all amounts as positive values.) 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