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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) B,000 $ 32,000 Revenue (54.600) Expenses: Packing supplies (50.509) Oyster bed maintenance ($3,200) Wages and salaries ($2,900 + 50:389) Shipping (50.809) Utilities (5830) Other ($450 50.859) Total expense Net operating income 4,000 3,200 5,300 6,400 830 850 20,580 $ 11,420 The actual results for August were as follows Quilcene Oysteri Income Statement For the Month Ended August 31 Actual pounds 3,000 Revenue $35,200 Flexible Budget For the Month Ended August 31 Actual pounds (9) 8,000 $ 32,000 Revenue ($4.009) Expenses : Packing supplies ($0.509) Oyster bed maintenance ($3,200) Wages and salaries ($2,900 + $0.309) Shipping ($0.809) Utilities ($830) Other ($450 + $0.059) Total expense Net operating income 4,000 3,200 5,300 6,400 830 850 20,580 $ 11,420 The actual results for August were as follows: 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 Utilities Other 4,200 3,100 5,640 6,950 810 980 LAPENS Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 4,280 3,100 5,640 6,95 810 980 21,680 $ 13,520 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting" favorable "U" for unfavorable, and "None" for no effect (ie, zero variance), Input all amounts os 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 ulties 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