Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters In August. The company's flexible budget for August appears below: 8.57 points Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,200 Revenue ($4.209) $30,240 1,800 Expenses: Packing supplies ($0.250) Oyster bed maintenance ($3,100) Wages and salarles ($2,300 + $0.300) Shipping ($0.750) Utilities ($1,250) Other ($470 + $0.010) 4,460 5,400 1,250 542 16,552 Total expense Net operating Income $13.688 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,200 Revenue $ 27,100 Expenses: Packing supplies Oyster bed maintenance 1,970 2,960 4,870 Wages and salaries Shipping Utilities Other 5,130 1,060 1,162 Total expense 17,152 Net operating Income $9.948 Required: Compute the company's revenue and spending variances for August. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.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