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 Quilcene Oysteria Flexible Budget For the Month Ended August 31 10 points Actual pounds (q) 7,800 Revenue ($4.20q) Expenses: 5 32,760 eBook Packing supplies ($0.35q) Oyster bed maintenance ($3,200) Wages and salaries ($2,300 $0.35q) Shipping ($0.60q) Utilities ($1,270) Other ($450 $0.01q) 2,730 3,200 5,030 4,680 1,270 528 17,438 $ 15,322 Hint Total expense Print Net operating income The actual results for August appear below: References Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 27,400 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,900 3,060 5,440 4,410 1,080 1,148 18,038 $9,362 Total expense 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.) 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