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 (ie, zero variance). Input all amounts as positive values.) Quilone Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenu Expenses Packing supplies Oyster bed maintenance Wages and Shipping O Toulon Netopowing in Quiltene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of oysters in August. The company's flexible budget for August appears below. Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,100 Revenue 154.050) $20.255 Expenses: Packing supplies ($6.359) 2,485 Oyster bed maintenance ($3,500) 3,500 Wages and salaries (52.100 + $0.500) 5.658 Shipping (50.689) 4,260 Utilities ($1,220) 1.220 Other (5430. 30.010) 501 Total expense 17/616 Net operating income $11,139 The actual results for August appear below Quitcene Oysteria Incone Statement for the Month Ended August 31 Actual pounds 7,100 Revenue 527,200 Expenses Packing supplies 2,655 Oyster bed maintenance 3,360 Wages and salaries 6,060 Shipping 3,990 Utilities 1.030 1,121 Total expense 10.216 Net operating income $ 8,984 other 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 effectie, zero variance). Input all amounts as positive values.)