For the Month Ended August 31 Actual pounds (9) 8,000 Revenue ($4.00) $32,000 Expenses: Packing supplies ($0.509) 4,000 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,900 + $0.309) 5,300 Shipping ($0.80g) 6,400 Utilities ($830) 830 Other ($450 + $0.059) 850 Total expense 20,580 $11, 420 Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 $35, 200 4,200 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries 3,100 Shipping Utilities Other moto Total expense Net operating income 5,640 6,950 810 980 21,680 $13,520 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.) 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