Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of oysters in August The company's flexible budget for August appears below. 7.100 $ 29,455 Quilcene Oysteria Flexible Budget Tor the Month Ended August 31 Actual pounds (9) Revenue (54.154) Expenses Packing supplies (50.409) Oyster bed maintenance (6),500) Wages and salaries ($2,000 - 50.459) Shipping (50.709) Utilities (51,250) Other (5480 - 50.019) Total expense Net operating income 2,840 3.500 5.195 4.970 1,250 551 18,306 $11,159 The actual results for Art The actual results for August were as follows. Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,100 526,600 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,010 3,360 5.605 4,700 1,060 1,171 18,906 $ 7.694 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 (ie, zero variance). Input all amounts as positive values.) Required: Calculate the company's revenue and spending variances for August. (In favorable, "U" for unfavorable, and "None" for no effect (i.e., zero varia 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