Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: 7,300 $ 31,025 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.259) Expenses Packing supplies ($0.309) Oyster bed maintenance ($3,500) Wages and salaries ($2,600 + $0.35) Shipping ($0.609) Utilities ($1,300) Other ($410 + $0.019) Total expense Het operating income The actual results for August appear below: 2,190 3,500 5,155 4,380 1,300 483 17.008 $ 14,017 Quilcone Oyatoria Income statement For the Month Inded August 31 Actual pounds 7,300 Revenue 526,600 Expenses Packing supplies 2,360 Oyster bed maintenance 3,360 Wages and salarios 5,565 Shipping 4,110 Utilities 1,110 Other 1,103 Total expense 17,600 Net operating income $ 8,992 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 (i.e., zero variance). Input all amounts as positive values.) 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 (i.e., zero variance). Input all amounts as positive values.) Qullcano Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salarios Shipping Utilities Other Total expense Net operating income