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) Revenue ($4.150) 7,700 31,955 1.925 3,400 Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,400) Wages and salaries ($2,300 + $0.359) Shipping ($0.65) Utilities ($1,300) Other (5490 + $0.01) 4,995 5,005 1,300 567 17,192 Total expense 14,763 Net operating income The actual results for August appear below. Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.700 26,600 Revenue $ Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2.095 3,260 5,405 4,735 1.110 1,187 17.792 Total expense Net operating income $ 8,808 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