Quilcene Oysteria 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 $31,450 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) Revenue ($4.259) Expenses: Packing supplies ($0.300) Oyster bed maintenance ($3,100) Wages and salaries ($2,400 + $0.40) Shipping ($0.60) Utilities ($1,280) Other ($440 + $0.019) Total expense Net operating income 2,220 3,100 5,360 4,440 1,280 514 16,914 $ 14,536 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 Revenue $ 26,600 Expenses: Packing supplies 2,390 Oyster bed maintenance 2,960 Wages and salaries 5,770 Shipping 4,170 Utilities 1,090 Other 1,134 Total expense 17,514 Net operating income $ 9,086 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