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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of oysters in August The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (4) 7,100 Revenue ($4.154) $ 29,465 Expenses: Packing supplies (58.354) 2,485 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,200 + $0.459) 5,395 Shipping (50.80) 5,689 Utilities ($1,200) 1,200 Other ($400 + $0.019) Total expense 18,831 $ 10,634 Net operating income The actual results for August appear below. 471 Qullcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.100 Revenue $ 27.500 Expenses Packing supplies 2,655 Oyster bed maintenance 3,460 Wages and salaries 5,105 Shipping 5,410 Utilities 1,010 Other 1,091 Total expense 19,431 Net operating Income $ 8,069 Required: Calculate the company's revenue and spending variances for August (Indicate the effect of each variance by selecting "p" for favorable. "U" for unfavorable, and "None" for no effect (le, zero variance). Input all amounts os positive values.) Gullcene Oysteria Revenue and Spending Varances For the Month Ended August 31 Revenge Exp ue 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 For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income

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