Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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 (9) 7,400 $ 31,080 Revenue ($4.209) Expenses Packing supplies ($0.359) Oyster bed maintenance ($3,100) Nages and salaries ($2,100 + $0.359) Shipping ($0.609) Utilities ($1,230) Other (5470 + $0.019) Total expense Net operating income 2,590 3,100 4,690 4.440 1,230 544 16,594 $14,486 The actual results for August were as follows: Quilcone 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 2,760 2,960 5,100 4,170 1,040 11 Total expense 16,594 $ 14,486 Net operating income The actual results for August were as follows: 20.83 points Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 eBook $ 26,800 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,760 2,960 5,100 4,170 1,040 1,164 17,194 $ 9,606 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of ea favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amoun Quilcene Oysteria Revenue and Spending Variances O momeWUIR 1 SED Net operating income $ 9,606 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.) Qulicne Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue U IF U Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income F F U U