Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 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) 7,780 Revenue (54.25) $ 32,725 Expenses: Packing supplies ($0.489) 3,089 Oyster bed maintenance ($3,180) 3,100 Wages and salaries ($2,300 + $0.25) 4,225 Shipping ($0.659) 5,005 Utilities ($1,250) 1.250 Other ($460 + $0.019) 537 Total expense 17,197 Net operating income $ 15,528 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 $ 27, 100 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,250 2,960 4,635 4,735 1,060 1, 157 17, 797 $ 9,303 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