Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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) 7,600 Revenue ($4.10q) $ 31,160 Expenses: Packing supplies ($0.40q) 3,040 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,400 $0.45q) 5,820 Shipping ($0.70q) 5,320 Utilities ($1,250) 1,250 Other ($410 $0.01q) 486 Total expense 18,916 Net operating income $ 12,244 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 Revenue $ 27,400 Expenses: Packing supplies 3,210 Oyster bed maintenance 2,860 Wages and salaries 6,230 Shipping 5,050 Utilities 1,060 Other 1,106 Total expense 19,516 Net operating income $ 7,884 Required: Calculate the company’s revenue and spending variances for August