Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7.400 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Badget For the Month Ended up 31 Actual pounds 130.710 Revenge (54.150 Expens: F ang supplies (30.350 Oyster bed maintenance (3.000) Vared and salaries (52.500+ 0.300) Shipping ($0.600 Utilities ($1.260) Other (5460 $0.01 Total expense Bet operating income The actual results for August appear below Quilcene Oyuteria Income Statement For the Month Ended upust 31 Actul pounds 26.800 Packing replies Oyster bed maintenance 2.760 2.800 5, 130 Shipping 1.154 Total expense Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, for unfavorable, and "None" for no effectie.. zero variance). Input all amounts as positive values.) Prev 1 of 5 Next > ova. For the Month Ended gust 31 Actual pounds 7. 400 Revenue $ 26.800 Pakunt suplies Oyuter bad maintenance Vages and salaries 2,760 2. 860 5. 130 Shopping 4. 170 1.070 Utilities Other Total expense Net operating income 1. 154 17.144 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.) 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