Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 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) 7,000 Revenue ($4.10q) $ 28,700 Expenses: Packing supplies ($0.35q) 2,450 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,500 + $0.45q) 5,650 Shipping ($0.75q) 5,250 Utilities ($1,210) 1,210 Other ($480 + $0.019) 550 Total expense 18,210 Net operating income $ 10,490 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 7,000 $ 27,400 2,620 2,960 6,060 4,980 1,020 1,170 18,810 $ 8,590 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.) J t int "ences 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 salarios Shipping Utilities Other Total expense Net operating income