Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7700 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 (0) 7,700 Revenue ($4.25) $ 32,725 3,080 3,200 Expenses: Packing supplies ($0.40) Oyster bed maintenance ($3,200) Wages and salaries ($2,300 - $0.400) Shipping ($0.650) Utilities ($1.210) Other (5410 + $0.0101 5,380 5,005 1.210 487 Totalvance 18,362 e to search O # 3 % 5 2 4 6 7 W E R T Y TU Utilities (51,210) Other ($410 + $0.019) 1,210 487 18,362 Total expense 14,363 Net operating income The actual results for August appear below: 005 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $26,900 Expenses Packing supplies Oyster bed maintenance Wages and salaries Chinnin 3,250 3,060 5,790 A here to search o El 7+ EY FS The actual results for August appear below. Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.700 Revenue $26,900 Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 3,250 3,060 5,790 4,735 1,020 1,107 Total expense 18,962 Net operating income $ 7,938 e to search O TT C FB Required: Compute 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.) 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 O BE e to search g 04 X . FS FE % &