Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 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) 7,700 Revenue ($4.109) $ 31,570 Expenses: Packing supplies ($0.409) 3,080 Oyster bed maintenance ($3,300) 3,300 Wages and salaries ($2,400 + $0.409) 5,480 Shipping ($0.65q) 5,005 Utilities ($1,230) 1,230 Other ($500 + $0.019) 577 Total expense 18,672 Net operating income $ 12,898 The actual results for August were as follows: 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: 7,700 $ 27,200 3,250 3,160 5,890 4,735 1,040 1,197 19,272 $ 7,928 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.)