Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters in August. The company's flexible budget for August appears below: 7,800 $ 33, 150 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.259) Expenses : Packing supplies ($0.409) Oyster bed maintenance ($3,300) Wages and salaries ($2,500 $0.459) Shipping ($0.709) Utilities ($1,230) Other ($420 + $0.019) Total expense Net operating income 3,120 3,300 6,010 5,460 1,230 498 19,618 $ 13,532 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $ 27,100 Expenses: Packing supplies 3,290 Oyster bed maintenance 3,160 Wages and salaries 6,420 Shipping 5,190 Utilities 1,040 Other 1,118 Total expense 20, 218 Net operating income $ 6,882 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.) Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). 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