88 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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) 7,300 Revenue ($4.05q) $ 29,565 Expenses: Packing supplies ($0.25g) 1,825 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,300+ $8.45q) Shipping ($8.75q) Utilities ($1,260) Other ($450 + $0.01q) Total expense Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 5,585 5,475 1,260 523 18,168 $ 11,397 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 7,300 $27,100 1,995 3,360 5,995 5,205 1,070 1,143 18,768 $ 8,332 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 (ie., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances Revenue For the Month Ended August 31 Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income