Saved Help s Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 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) 7,700 Revenue ($4.159) $ 31,955 Expenses Packing supplies ($0.300) 2,310 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,400 + $0.400) 5,490 Shipping ($0.709) 5,390 Utilities ($1,290) 1,290 Other ($470 + $0.019) 547 Total expense 18,617 Net operating income $ 13,338 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 retual pounds 7,700 Revenue $ 27,000 Expenses : Packing supplies 2,480 Oyster bed maintenance 3.460 Hages and salaries 5,890 Shipping 5.120 Utilities 1.100 Save EGUARY UPPLE Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,460 5,890 5, 120 1,100 1,167 19,217 $ 7,783 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 (1.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 maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income