Quilcene Oysteria farms and sells oysters in the Pacic Northwest. The company harvested and sold 7,600 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) 7,699 Revenue ($4.95q) $ 39,789 Expenses: Packing supplies ($9.39q) 2,289 Oyster bed maintenance ($3,599) 3,599 Wages and salaries ($2,299 + $9.39q) 4,489 Shipping ($9.69q) 4,569 Utilities ($1,229) 1,229 Other ($439 + $9.9m) sea Total expense 15,546 Net operating income $ 14,234 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,699 Revenue $ 27,399 Expenses: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,699 Revenue $ 27,389 Expenses: Packing supplies 2,456 Oyster bed maintenance 3,359 Wages and salaries 4,899 Shipping 4,299 Utilities 1,838 other 1,126 Total expense 17,146 Net operating income $ 19.154 Required: Calculate the company's revenue and spending variances for August. Note: 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. Required: Calculate the company's revenue and spending variances for August. Note: 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. Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income