Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in August. The company's flexible budget for below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 ',600 $31,920 Actual pounds (q) Revenue ($4.20q) Packing supplies ($0.25q) Oyster bed maintenance ($3,400) Wages and salaries ($2,100 $0.40q) Shipping ($0.65q) Utilities ($1,230) Other ($490$0.01q) Total expense 1,900 3,400 5.140 4,940 1.230 566 17.176 $14,744 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue 7,600 $26.900 Expenses: Packing supplies Oyster bed maintenance 2,070 3,260 and salaries Shipping 4,670 1.186 Other 17,776 Total expense 9,124 Net operating income 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