Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 pounds of oysters in August. The companys flexible budget for August appears below:

Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.259) 7,400 $31,450 Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,100) Wages and salaries ($2,500 + $0.359) Shipping ($0.809) Utilities ($1,260) Other ($470 + $0.019) 2,590 3,100 5,090 5,920 1,260 544 Total expense 18,504 Net operating income $12,946 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 Revenue $ 26,500 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,760 2.960 5,500 5,650 1,070 1,164 19,104 Total expense Net operating income $ 7,396 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