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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible budget for August appears below 7.ee 8 $ 28, 350 Quilcene Oysterla Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.050) Expenses: Packing supplies (50.354) Oyster bed maintenance ($3,200) Wages and salaries (52,400 + $0.359) Shipping ($0.889) Utilities ($1,258) Other ($430 + $0.019) Total expense Het operating Income 2,450 3,200 4,850 5,600 1,250 500 17,850 $ 10,500 The actual results for August appear below Qullcane Oysteria Income Statement for the Month Ended August 31 Actual pounds 7,000 5272.00 Revenue Expenses Packing supplies Oyster bed maintenance Wages and solar Shipping Utilities Other Total expense Net operating income 2,620 3,000 5,260 5,330 1,000 1,120 15.450 5,650 Shipping Utilities Other Total expense Net operating Incone 5,230 1.060 1,120 18.450 $ 8,650 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 (le, zero variance). Input all amounts as positive values.) Quilcone 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