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: 7,300 $ 29,930 Quilcene Oyateris Flexible Budget Tor the Month Ended August 31 Actual pounds (9) Revenue ($4.109) Expensea: Packing supplies (90.354) Oyster bed maintenance ($3,000) Wages and salaries ($2,500 + $0.500) Shipping ($0.809) Utilities ($1,270) Other ($440 + $0.019) Total expense Net operating income The actual results for August appear below: 2,555 3,000 6,150 5,840 1,270 513 19,328 $ 10,602 Quilcone Oysteria Income Statement Tor the Month Ended August 31 Actual pounds 7,300 Revenge $ 27.000 Expenses Packing supplies 2,725 Oyster bed maintenance 2,860 Wages and salaries 6,560 Shipping 5,570 Utilities 1,080 Other 1.133 Total expense 29,928 Net operating income $ 7,072 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positive values.) Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,725 2,860 6,560 5,570 1,080 1,133 19,928 $ 7,072 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting 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 maintenanco Wages and salarios Shipping Utilities Other Total expense Net operating income