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 (q) 7,000 Revenue $4.15q) $29,050 Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,200) Wages and salaries ($2,200 $0.30g) Shipping ($o.65q) Utilities ($1,290) 2,450 3,200 4,300 4,550 1,290 500 Other $430 $0.01q) Total expense 16,290 $ 12,760 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,000 $ 27,400 Revenue Expenses: Packing supples 2,620 3,060 4,710 4,280 1,100 1,120 enance Wages and salaries Shipping Utilities Other Total expense 16,890 $10,510 Net operating income 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.)