Quilcene Oysteria farms and sells oysters in the Pacific Northwest The company harvest August. The company's flexible budget for August appears below Flexible Budget Actual pounds (q) 7, 280 Revenue ($4.05q) Expenses: 5 29,16 Packing supplies (se.35q) Oyster bed maintenance ($3,300) Wages and salaries ($2,5e0 + $e.38q) 2,520 3, 4,660 5,768 1,258 562 18,852 S11,108 Shipping ($e.88q) Utilities ($1,25e) Other ($49e se.e1q) Total expense Net operating income The actual resuits for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7, 280 $ 27,100- Revenue Expenses 2,699 3,160 5, 978 5.498 1.868 1,182 Packing supplies . Dyster bed maintenance Wages and salaries Shipping Utilities ther Total expense 5 8.448 Net operating income Required: Caic.iate the company's revenue and spending var ances. August (indicate the effe favorable. EU" for unfavorable, and "Nee" for no effect (...-ere variance). In ut eli af