Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 pounds of oysters in August. The company's flexible budget for August appears below: Quilcone Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) 7,400 Revenue ($4.109) $ 30,340 Expenses Packing supplies ($0.40) 2,960 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,300 + $0.459) 5,630 Shipping ($0.659) 4,810 Utilities ($1,290) 1,290 Other ($510 + $0.019) 584 Total expense 18,374 Net operating income $ 11,966 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 $ 26,800 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 3,130 2,960 6,040 4,540 1,100 1,204 18,974 $ 7,826 Net operating income 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 (l.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