Quilcene Oysteria farms and sells oysters in the Pacic Northwest. The company.-' harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: Ouilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds {q} 8,000 Revenue [$4.3M] 35 32.433 Expenses: Packing supplies {$0.30!}! 2,400 Oyster bed maintenance {$3,300} 3,300 lru'agnes and salaries ($2,000 + $0.45\" 5,600 Shipping [$0.65q} 5,2|| Utilities {$1,240} 1,240 Other {$515 + $0.3m} 593 Total expense 18,33| Net operating income \"'45 14.070 The actual results for August were as follows: Ouilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 Revenue $ 2?,200 Expenses: Packing supplies 2,5?0 Oyster bed maintenance 3,150 lru'agnes and salaries 6,010 Shipping 4,93| Utilities 1,050 Other 1,210 Total expense 18,93| Net operating income $ 3.270 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.) Expenses: Packing supplies Oyster bed maintenance Wages and salaries Utilities Total expense Net operating income