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) Revenue ($4.10q) Expenses: Packing supplies ($0.40q) Oyster bed maintenance ($3,000) Wages and salaries ($2,000 + $0.25q) Shipping ($0.80q) Utilities ($1,290) Other ($460 + $0.81q) Total expense Net operating income The actual results for August appear below. Quilcene Oysteria Income Statement For the Month Ended August 31 7,000 $ 28,700 2,800 3,000 3,750 5,600 1,290 530 16,978 $ 11,730 Actual pounds 7,000 Revenue $26,800 Expenses: Packing supplies 2,970 Oyster bed maintenance 2,868 Wages and salaries 4,160 Shipping 5,330 1,100 1,150 17.570 $9,230 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 (ie., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 21 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utides Other Total expense Net operating income