Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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) 7,300 Revenue ($4. 20q) $ 30, 660 Expenses : Packing supplies ($0.35q) 2,555 Oyster bed maintenance ($3, 200) 3, 200 Wages and salaries ($2,300 + $0.35q) 4, 855 Shipping ($0.55q) 4, 015 Utilities ($1, 280) 1, 280 Other ($460 + $0.01q) 533 Total expense 16, 438 Net operating income $ 14, 222 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 27 , 400 Expenses : Packing supplies 2,725 Oyster bed maintenance 3, 060 Wages and salaries 5,265 Shipping 3, 745 Utilities 1, 090 Other 1, 153 Total expense 17, 038 Net operating income $ 10, 362 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