Quilcene Oysteria Flexible Budget For the Month Ended August 31 400 $30,710 Actual pounds (a) Revenue ($4.15q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,500 Wages and salaries (32,600+$045q) Shipping ($0.60q) Usities ($1,280) Other ($480+$0.01g) 2,590 3,500 5,930 4440 1,280 Total expense Net operating income $12.416 The actual results for August appear below Income Statement For the Month Ended August 31 Actual pounds 400 Packing supplies Oyster bed maintenance Wages and salaries 2,760 ,360 6,340 ,170 1,090 Total expense Net opering income 8,006 Required: Compute the company's revenue and spending variances for August. Indicate the effect of each variance by selecting -for favorable "U for unfavorable, and "None" for no effect Le-zero variance Input all amounts as positive values) Revenue and Spending Variances the Month Ended August 3 Expenses Packing supplies Oyster bed maintenance Uslities ($1.280) Other ($480 $0.01q) 1,280 554 Total expense Net operating income $12,416 The actual resuts for August appear below Quicene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses 7.400 Packing supplies Oyster bed maintenance Wages and salaries 2.760 4.170 ,090 Other Total expense Net operating income Compute the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "for favorable, U" for unfavorable, and "None" for no effect (i.e, zero variance) Input all amounts as positive values Revenue and Spending Variances the Month Ended August 31 Revenue Packing supplies Oyster bed maintenance Wages and salaries Other Total expense Net operating income