uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 pounds of oysters i August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (g) 7,500 Revenue ($4.15q) $31,125 Expenses: Packing supplies ($0.30q) 2,250 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,300 + $0.40g) 5,300 Shipping ($0.75g) 5,625 Utilities ($1,240) 1,240 other ($420 +$0.01g) 495 Total expense 18,410 Net operating income $12,715 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $27,100 Expenses: Packing supplies 2,420 Oyster bed maintenance 3,360 Wages and salaries 5,710 Shipping 5,355 Utilities Other 1,050 1,115 Total expense 19,010 $ 8,090 Net operating income Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 27,100 Expenses: Packing supplies 2,420 Oyster bed maintenance 3,360 Wages and salaries 5,710 Shipping 5,355 Utilities 1,050 Other 1,115 Total expense 19,010 Net operating income $ 8,090 Required: Calculate the company's revenue and spending variances for Augus favorable, "U" for unfavorable, and "None" for no effect (i.e., zero- 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