Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 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 (4) Revenue ($4.20g) Expenses: Packing supplies (se.259) Oyster bed maintenance ($3,200) Nages and salaries ($2,100 + s0.25q) Shipping (Se.70g) utilities ($1,250) other ($460 se.e14) Total expense 7,100 $ 29,820 1,775 3, 200 3,875 4,970 1,250 531 15,681 $ 14,219 Net operating incone The actual results for August appear below Quilcene Oysteria Incone Statenent For the Honth Ended August 31 Actual pounds 7,100 $ 27, 200 Revenue Expenses: Packing supplies Oyster bed maintenance Hages and salaries Shipping ut1lities 1,945 3,060 4,285 4,7ee 1,060 1,151 16,201 Other Total expense Net operating Incone $ 10,999 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.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income