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: Quildene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds 7.300 $30, 660 Revenue ($4.2007 Expenses: Packing supplies ($0.400) Oyster bed maintenance 153,500) Hages and salaries ($2.100 + $0.459) Shipping (10.7501 Utilities $1.210) Other (480+ 0.019) Total expense Net operating income 2,920 3.500 5,385 5,175 1.210 553 19,043 $11.617 7 7 The actual results for August appear below. Quilone Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.300 $26.700 Revenue Espenses Packing supplies Oyster bed maintenance Hages and salaries Shipping Utilities Other Total expense Het operating income 3,090 3.360 5,795 5,205 1,020 1,173 19, 643 $7,057 Required: Actual pounds 7.300 $26,700 Revenge Expenses: Packing supplies Oyster bedintenance Wages and salaries Shipping Utilities Other Total expense Het operating income 3,090 3,360 5,755 5,205 1,020 2,173 19,643 $7.057 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.) Quilcone Oysteria Revenue and Sponding 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