Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7700 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) 7,700 Revenue ($4.159) $ 31,955 Expenses Packing supplies ($0.359) 2,695 Oyster bed maintenance ($3,300) 3,300 Wages and salaries ($2,100 + $0.300) 4,410 Shipping ($0.609) 4,620 Utilities ($1,250) 1,250 Other ($460 + $0.019) 537 Total expense 16,812 $ 15,143 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.700 Revenue $ 26.800 Expenses: Packing supplies 2,865 Oyster bed maintenance 3,160 Wages and salaries 4,820 Shipping 4,350 Utilities 1,060 Other 1,157 Total expense 17,412 $ 9,388 Net operating income Required: dinn riances for August (indicate the effect of each variance by selecting "F" for 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.) Quilceno 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