Qullcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a 8.000 Revenue ($4.200) $33.600 Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,100) Wages and salaries ($2,100 - $0.250) Shipping ($0.650 Utilities ($1,250) Other ($460 - $0.010 2,800 3.100 4.100 5,200 1,250 540 Total expense 16.990 Net operating Income $16.610 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8.000 Revenue $26.900 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2.970 2.960 4,510 4.930 1,060 1.160 Total expense 17.590 Net operating Income $ 9,310 Required: Compute the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable. "U" for unfavorable, and "None for no effect (l.e., zero varlance). 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