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Check my w Quilcene Oysteria forms and sells oysters in the Pacific Northwest. The company harvested and sold 7.200 pounds of oysters in August. The company's flexible budget for August appears below: Ouileene Oysteria Tlexible Budget For the Month Ended August 31 Actual pounds (9) 7,200 $ 30, 240 Revenue (54.209) Expenses: Packing supplies ($0.359) Oyater bed maintenance (63,600) Wages and salaries ($2,500 + $0.40) Shipping (50.650) Utilities ($1,290) Other ($480 + $0.019) Total expense Net operating income 2,520 3,600 5,380 4.680 1,290 552 18,022 $ 12,218 The actual results for Augus opear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,200 $26.500 Revenue Expenses : Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,690 3,460 5,790 4,410 1,100 1,172 18.622 $ 7,878 Check Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,460 5,790 4,410 1,100 1,172 18,622 $ 7,878 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 (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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