Qullcene Oysteria forms and sets oysters in the Pacific Northwest The company harvested and sold 7,800 pounds of oysters in August. The company's feble budget for August appears below: Quicne oysteria i budget For the Month Ended August 31 Actual pounds 7, a Revenue 154.150) S32,170 Expenses Packing supplies (359) 2,730 Oyster bed saintenance 53,360) 3, 100 Wages and salaries ($2,300 - 50.4001 5,420 Shipping 50.750) 5.se Utilities (51,200) 1,200 Other (5620 - .01 498 Total expense 10,798 $ 13,572 Net operating income The actual results for August appear below: Quilcone Oyster Income Statement for the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Mages and salaries Shipping utilities Other Total expense Net operating Income 7,820 527300 2.900 2,960 3,830 3.560 1,010 1. 118 19,90 5 7.902 Required: Calculate me companys revenue and spending variances for August tindicate the effect of each valiante by selecting "F" for favorable, Tu for unfavorable, and "Wone torno affect variance). as ) ping Varances Perm Maning Revenge Espen Packing is Oyster bed manne uges and sales Other Total experte Netting income