uilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (g) 7,500 Revenue ($4.10g) $ 30,750 Expenses: Packing supplies ($0.30g) 2,250 Oyster bed maintenance ($3,400) Shipping ($0.70g) 3,400 Wages and salaries ($2,200 + $0.40g) 5,200 5,250 Utilities ($1,290) 1,290 Other ($400 + $0.01g) 475 Total expense 17,865 $ 12,885 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: 7,500 $ 27,300 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,420 3,260 5,610 4,980 1,100 1,095 Total expense 18,465 $ 8,835 Net operating income 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 Varlances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income None U