Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,500 Revenue ($4.15q) $ 31, 125 Expenses : Packing supplies ($0.25q) 1, 875 Oyster bed maintenance ($3, 600) 3 , 600 Wages and salaries ($2, 200 + $0.50q) 5,950 Shipping ($0.65q) 4, 875 Utilities ($1, 280) 1, 280 475 Book Other ($400 + $0.01q) Total expense 18 , 055 Net operating income $ 13, 070 Hint The actual results for August appear below: Quilcene Oysteria Ask Income Statement For the Month Ended August 31 Actual pounds 7, 500 Revenue $ 27, 300 Print Expenses Packing supplies 2, 045 Oyster bed maintenance 3, 460 Wages and salaries 5, 360 References Shipping 4, 605 Utilities 1, 090 Other 1, 095 Total expense 18, 655 Net operating income $ 8, 645 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