Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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) 7,600 Book $ 31,160 Hint Print Revenue ($4.109) Expenses : Packing supplies ($0.309) Oyster bed maintenance ($3,600) Nages and salaries ($2,300 + $0.300) Shipping (80.709) Utilities ($1,260) Other (8410 + $0.019) Total expense Net operating income 2,280 3,600 4.500 5,320 1.260 486 17,526 S 13.634 Ferences The actual results for August appear below: Quilcene Oysteria Incone Statement For the Month Ended August 31 hetual pounds 7,600 Saw The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 $ 27,000 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,450 3,460 4,990 5,050 1,070 1,106 18,126 8,874 $ 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.) yunu 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 (.e.. zero variance). Input all amounts as positive values.) Book Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Hint Print ferences Shipping Uuties Other Total expense Net operating income