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 August appears below Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,600 Revenue ($4.25q) Expenses Packing aupplies ($0.30q) Oyater bed maintenance (63,400) Wages and salaries ($2,200$0.50q) Shipping ($0.65q) Utilities ($1,230) Other ($460+$0.01q) Total expense $ 32,300 2,280 3,400 6,000 4,940 1,230 536 18,386 $ 13,914 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 $ 26,700 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,450 3,260 6,410 4,670 1,040 1,156 Saved Help Wages and salaries Shipping Utilities 6,410 4,670 1,040 1,156 18,986 Other Total expense Net operating income $ 7,714 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 Varlances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income