uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 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 (q) 7,800 29 Revenue ($4.100) $31,980 Expenses Packing supplies ($0.309) 2,340 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,500 +$0.250) 4,450 Shipping ($0.70g) 5,460 utilities ($1,270) 1,270 Other (5420 30.010) 498 Total expense 17,618 $14,362 Net operating incone The actual results for August appear below. Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $27,100 Expenses: Packing supplies 2,510 Oyster bed maintenance 3,460 Hages and salaries 4,860 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 (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 maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Exit The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies 7,800 $ 27,100 2,510 Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 3,460 4,860 5,190 1,080 1,118 18,218 Net operating income $ 8,882 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4.10q) 7,800 $31,980 Expenses: Packing supplies ($0.309) 2,340 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,500 + $0.25q) 4,450 Shipping ($0.70q) 5,460 Utilities ($1,270) 1,270 Other ($420 + $0.019) 498 Total expense 17,618 $ 14,362 Net operating income The actual results for August appear below