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: Actual pounds (g) Revenue ($4.15g) Expenses: Packing supplies ($0.30g) Oyster bed maintenance ($3,000) Wages and salaries ($2,200 + $0.30g) Shipping ($0.60g) Utilities ($1,270) Other ($480 + $0.01g) Total expense Net operating income Quilcene Oysteria Flexible Budget For the Month Ended August 31 The actual results for August were as follows: Actual pounds Revenue Expenses: Shipping Utilities Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Other Total expense Net operating income 7,300 $ 30,295 2,190 3,000 4,390 4,380 1,270 553 15,783 $ 14,512 7,300 $ 27,400 2,360 2,860 4,800 4,110 1,080 1,173 16,383 $ 11,017 Required: Calculate the company's revenue and spending variances for August. Note: 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 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: The actual results for August were as follows: Required: Calculate the company's revenue and spending variances for August. Note: 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. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., variance). Input all amounts as positive values