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. Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4,200) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,500) Wages and salaries ($2,000 $0.45q) Shipping ($0.55q) Utilities ($1,300) Other (5470 $0.010) Total expense Net operating income The actual results for August appear below: Quilcene Oysteria 7,400 $31,080 2,5901 3,500 5,330 4,070 1,300 544 17,334 $13,746 Income Statement For the Month Ended August 31 Actual pounds 7,400 Revenue $27,500 Expenses: Packing supplies. Oyster bed maintenance 2,760. 3,360 Hages and salaries 5,740 Shipping 3,800 Utilities Other 1,110 1,164 Total expense 17,934 Net operating income $ 9,566 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 (i.e., zero variance). Input all amounts as positive values.) Revenue Expenses Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies) Oyster bed maintenance Wages and salaries Shipping Utibes Other Total expense Net operating income