Wullie Uys en la U De wysleisiue POLTI RUILWESL The Lally have dilu SUU JUU pourUS UI Oyster II August. The company's flexible budget for August appears below: 7,300 $30,660 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.269) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,500) Wages and salaries ($2,500 + $0.25) Shipping ($0.78) Utilities ($1,250) Other ($490 + $0.019) Total expense Net operating income 2,190 3,500 4,325 5,110 1,250 563 16,938 $ 13,722 The actual results for August appear below: Quitcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 26,900 Expenses Packing supplies 2,360 Oyster bed maintenance 3,360 Wages and salaries 4,735 Shipping 4,840 Utilities 1,060 Other 1,183 Total expense 17,538 Net operating income $9,362 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 (l.e., zero variance). Input all amounts as positive values.) Qullcene 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