Quilcene oysteria farms and sells oysters in the pacific northwest. the company harvested and sold 7,100 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 (q) 7,100 revenue ($4.20q) $ 29,820 expenses: packing supplies ($0.30q) 2,130 oyster bed maintenance ($3,100) 3,100 wages and salaries ($2,200 + $0.40q)5,040 shipping ($0.75q) 5,325 utilities ($1,230) 1,230 other ($500 + $0.01q) 571 total expense 17,396 net operating income $12,424 the actual results for august appear below: quilcene oysteriaincome statementfor the month ended august 31 actual pounds 7,100 revenue $26,500 expenses: packing supplies 2,300 oyster bed maintenance 2,960 wages and salaries 5,450 shipping 5,055 utilities 1,040 other 1,191 total expense 17,996 net operating income $ 8,504 required: compute the company’s revenue and spending variances for august.