Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 7,500 Actual pounds (9) Revenue ($4.25g) Expenses: $ 31,875 Packing supplies ($0.35g) 2,625 Oyster bed maintenance ($3,500) 3,500 5,500 Wages and salaries ($2,500 + $0.40g) Shipping ($0.60g) 4,500 Utilities ($1,270) 1,270 565 Other ($490 + $0.01g) Total expense 17,960 $ 13,915 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 7,500 $ 27,300 Packing supplies 2,795 Oyster bed maintenance 3,360 Wages and salaries 5,910 Shipping 4,230 Utilities 1,080 Other 1,185 Total expense 18,560 $ 8,740 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.) Actual pounds Revenue Expenses: 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