Qullcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below Quiloene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,300 $30, 295 1,825 3,200 Revenue ($4.159) Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,200) Wages and salaries ($2,300 + $0.359) Shipping ($0.659) Utilities ($1,230) Other ($480 + $0.019) Total expense Net operating income 4,855 4,745 1,230 553 16, 408 $13, 887 The actual results for August appear below. Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 $26.600 1,995 3,060 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other cal expense Net operating income 5,265 4.475 1,040 1,173 17,00B $9,592 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 (ezero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Exponses The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 $26,600 1,995 3,060 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 5,265 4,475 1,040 1,173 17.008 S 9,592 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 (le, zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies ster bed maintenance Wages and Sales Shipping Utilities Other Total expense Net operating income