uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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) Revenue ($4.15q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,300) Wages and salaries ($2,300 + $0.509) Shipping ($0.55q) Utilities ($1,210) Other ($420 + $0.019) Total expense Net operating income 7,300 $ 30,295 2,555 3,300 5,950 4,015 1,210 493 17,523 $ 12,772 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 $ 12,772 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Required: 7,300 $ 26,900 2,725 3,160 6,360 3,745 1,020 1,113 18,123 $ 8,777 Calculate the company's revenue and spending variances for August. (Indicate t favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Ing Quilcene Oysteria Revenue and Spending Variances D to search Required: Calculate the company's revenue and spending variances for August. (Indica favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance Revenue Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income F3 II F4 D F5