Quilcene Oysterla farms and sells oysters in the Pacific Northwest The company harvested and sold 7,700 pounds of oysters in August. The company's fiexibie budget for August appears below. Quilcene Oysteria Flexible Budget For the Month Ended August 31. 7,700 5 32,725 Actual pounds (9) Revenue ($4.250) Expenses Packing supplies (50.389) Oyster bed maintenance ($3,400) Wages and salaries ($2,400 s0.450) Shipping ($0.659) Utilities ($1,220) other ($430 + se.01e) Total expense 2,310 3,400 5,865 5,005 1,220 507 18, 307 S 14,418 Net operating incone The actual results for August appeer below The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 $ 26,9e0 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities 2,480 3,260 6,275 4,735 1,030 1,127 18,907 $ 7,993 other Total expense Nat operating income 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