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 (g) 7,400 Revenue ($4.05g) $ 29,970 Expenses: Packing supplies ($0.30g) 2,220 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,500 + $0.35g) 5,090 Shipping ($0.60g) Utilities ($1,210) 4,440 1,210 Other ($460 + $0.01g) 534 Total expense 16,994 $ 12,976 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income Required: 7,400 $ 26,700 2,390 3,360 5,500 4,170 1,020 1,154 17,594 $ 9,106 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