Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 pounds of oysters in August. The company's flexible budget for August appears below: 7,700 $ 32,340 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.209) Expenses : Packing supplies ($0.359) Oyster bed maintenance ($3,300) Wages and salaries ($2,400 + $0.489) Shipping ($0.659) Utilities ($1,270) Other ($420 + $0.019) Total expense Net operating income 2,695 3,300 5,480 5,005 1,270 497 18,247 $ 14,093 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $ 27,200 Expenses: Packing supplies 2,865 Oyster bed maintenance 3,160 Wages and salaries 5,890 Shipping 4,735 Utilities 1,080 Other 1,117 Total expense 18,847 Net operating income $ 8,353 Seved Help Chap 9 GRADED > 1 1 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2.865 3,168 5,890 4,735 1.080 1,117 18.847 $ 8,353 20 points Shipped 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 fi.e, zero variance). Input all amounts as positive values.) eBook Hint P 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 Heferences Total expenso Net operating income