Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7500 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 (9) 7,500 Revenue ($4.189) $ 30,750 Expenses: Packing supplies ($0.489) 3,000 Oyster bed maintenance ($3,400) 3,480 Wages and salaries ($2,500 + $0.459) 5,875 Shipping ($0.559) 4,125 Utilities ($1,230) 1,230 other ($440 + $0.01) 515 Total expense 18.145 Net operating income $ 12,605 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 26.600 Expenses: Packing supplies 3,170 Oyster bed maintenance 3,260 Wages and salaries 6,285 Shippine 3,855 Utilities 1,040 Other 1,135 Total expense 18,745 Utilities Other Total expense Net operating income 1,040 1,135 18,745 $ 7,855 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