Quilcene Oyateria 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: 7,400 $30,710 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue (S4.159) Expenses Packing supplies ($0.359) Oyster bed maintenance ($3,300) Wages and salanes (52,000+ $0.4501 Shipping ($0.600) Utilities ($1,290) Other ($410 + $0.019) Total expense Nel operating income 2,590 3,300 5.330 4,440 1,290 484 17,134 513,275 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 Revenue $26,500 Expenses: Packing supplies 2,760 Oyster bed maintenance 3,160 Wages and salaries 5,740 Shipping 4,170 Utilities 1,100 1.104 Total expense 18,0344 Net operating income $ 8,466 Required: Compute 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