Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: 8,000 $32,000 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.000) Expenses: Packing supplies ($0.504 Oyster bed maintenance ($3,200) Wages and salaries ($2,900 + $0.300) Shipping ($0.800 Utilities ($830) Other ($450 + $0.050 Total expense Net operating income 4,000 3,200 5,300 6,400 830 850 20,580 $ 11,420 The actual results for August appear below: Page 435 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $35,200 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping 4,200 3,100 5,640 6,950 810 980 21.680 $ 13,520 Utilities Other Total expense Net operating income Required: Calculate the company's revenue and spending variances for August. (Hint: Refer to Exhibit 9-7@.)