Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 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) 7,000 Revenue ($4.159) $ 29,050 Expenses: Packing supplies ($0.25) Oyster bed maintenance ($3,100) Wages and salaries ($2,600 + $0.250) Shipping ($0.60) Utilities ($1,200) Other ($450 + $0.010) 1,750 3,100 4,350 4,200 1,200 520 Total expense 15,120 Net operating income $ 13,930 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,000 Revenue $ 27,100 1,920 2,960 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 4,760 3,930 1,010 1.140 Total expense 15,720 Net operating income $ 11,380 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