3 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7.400 pounds of oysters in August. The company's flexible budget for August appears below: 9.09 points 7,400 $ 30,340 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.109) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,400) Wages and salaries ($2,300 + $0.459) Shipping ($0.659) Utilities ($1,200) Other ($440 + $0.019) Total expense Net operating income 2,590 3,400 5,630 4,810 1,200 514 18,144 $ 12, 196 The actual results for August were as follows: TO 7,400 $ 27,100 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,760 3,260 6,040 4,540 1,010 1,134 18,744 $ 8,356 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 (i.e., zero variance). Input all amounts as positive values.)