uilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 8,000 $ Revenue ($4.009) 32,000 Expenses: Packing supplies ($0.50g) 4,000 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,900 + $0.309) 5,300 Shipping ($0.809) 6,400 Utilities ($830) 830 Other ($450 + $0.05q) 850 Total expense 20,580 $ Net operating income 11,420 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $ Revenue 35,200 Expenses: Packing supplies 4,200 Oyster bed maintenance 3,100 Wages and salaries 5,640 Shipping 6,950 Utilities 810 Other 980 Total expense 21,680 $ Net operating income 13,520 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 Revenue For the Month Ended August 31 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income