vuitcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 7,700 $31, 185 Revenue ($4.059) Expenses: Packing supplies (50.409) Oyster bed maintenance ($3,000) Wages and salaries ($2,000 - 50.259) Shipping (50.709) Utilities ($1,240) Other ($500 + $0.019) Total expense Net operating incone 3,080 3,000 3,925 5,390 1,240 572 17,212 $13,973 The actual results for August appear below: Quitcene Oysteria Income Statement For the Month Ended. August 31 Actual pounds 7.700 Revenue $ 26,800 Expenses Packing supplies 3,250 Oyster bed maintenance 2,860 Wages and salaries 4,335 Shipping 5,120 Utilities 1,050 Other 1,197 Total expense 17,812 Net operating income $ 8,988 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 (.e., zero variance), Input all amounts as positive values.) Quilcone Oysteria Revenue and Spending Variances For the Month Ended August 1 Revenue Experson: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income