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: 7,700 $ 32,725 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.259) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,100) Wages and salaries ($2,400 + $0.309) Shipping ($0.759) Utilities ($1,240) Other ($430 + $0.019) Total expense Net operating income 2,310 3,100 4,710 5,775 1,240 507 17,642 $ 15,083 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $ 27,100 Expenses: Packing supplies 2,480 Oyster bed maintenance 2,960 Wages and salaries 5,120 Shipping 5,505 Utilities 1,050 Other 1,127 Total expense 18, 242 Net operating income $ 8,858 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