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 Actual pounds (9) Revenue ($4.05q) For the Month Ended August 31 7,000 $28,350 Expenses: Packing supplies ($0.35q) 2,450 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,200 + $0.45g) 5,350 Shipping ($0.70g) 4,900 Utilities ($1,300) 1,300 Other ($450 + $0.01g) 520 Total expense 18,020 Net operating income $10,330 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,000 Revenue $27,100 Expenses: Packing supplies 2,620 Oyster bed maintenance 3,360 Wages and salaries 5,760 Shipping 4,630 Utilities 1,110 Other Total expense Net operating income 1,140 18,620 $ 8,480 Required: Compute 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 Utilities Other Total expense Net operating income