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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

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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: The actual results for August appear below: 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.) \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Quilcene Oysteria } \\ \hline \multicolumn{1}{|c|}{ Revenue and Spending Variances } \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Packing supplies & \\ \hline Oyster bed maintenance Ended August 31 \\ \hline Wages and salaries & \\ \hline Shipping & \\ \hline Utilities & \\ \hline Other & \\ \hline Total expense & \\ \hline Net operating income & \\ \hline \hline \end{tabular}

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