Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7600 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 Revenue ($4.20) $ 31,920 Expenses: Packing supplies (50.300) 2,288 Oyster bed maintenance ($3,408) 3,40e Wages and salaries ($2,100 -se.489) 5,140 Shipping (59.789) 5,320 Utilities (51,290) 1,290 Other ($400 + $0.019) 476 Total expense 17,906 $ 14,014 Net operating income The actual results for August appear below Quilcene Oysteria Income Statement For the Month Ended August 31 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 $ 27,400 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,45 3,260 5,550 5,050 1,100 1,096 18,506 $ 8,894 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 (l.e., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 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.) 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 expenso Net operating income