Quilcene Oysteria farms and sells oysters in the Pacific Northwest The company harvested and sold 7,800 pounds of oysters in August. The company's flexible budget for August appears below ne Flexible Budget For the Month Ended August 3 Actual pounds (g) Revenue ($4.15q) 7,800 32,370 Expenses: Packing supplies (50.35q) Oyster bed maintenance ($3,300) 2,730 3,300 Wages and salaries ($2.500 +0 25)4450 Shipping ($0.60q) Utilities ($1,290) Other ($450+ 50 01q) 4,450 4680 1,290 528 Total expense Net operating income 16,978 $15.392 The actual results for August appear below uilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue 7,800 s 27.200 Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2.900 3.160 4860 4.410 1,100 1,148 Total expense 17.578 Net operating income $ 9622 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.) Revenue and Spending Variances