Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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) 7,200 Revenue ($4.15g) $ 29,880 Expenses: Packing supplies ($0.35g) 2,520 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,000 + $0.40g) 4,880 Shipping ($0.60g) 4,320 Utilities ($1,220) Other ($480 + $0.01g) Total expense 1,220 552 16,592 $ 13,288 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Packing supplies Wages and salaries Actual pounds Revenue Expenses: 7,200 $ 27,200 2,690 Oyster bed maintenance 2,960 5,290 4,050 1,030 1,172 17,192 $ 10,008 Shipping Utilities Other Total expense 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 (i.e., zero variance). Input all amounts as positive values.)