Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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 (9) 8,000 Revenue (54.209) $ 33,600 Expenses: Packing supplies ($0.359) 2,800 Oyster bed maintenance ($3,300) 3,300 Wages and salaries ($2,500 + $0.389) 4,900 Shipping ($0.659) 5,200 Utilities ($1,250) 1,250 Other (5450 + $0.019) 530 Total expense 17,980 Net operating income $ 15,620 The actual results for August were as follows: 8,000 $ 27,480 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,970 3, 160 5,310 4,930 1,060 1,150 18,580 $ 8,820 Net operating income $ 8,820 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.) 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