Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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) 7,400 Revenue ($4.10q) $ 30,340 Expenses : Packing supplies ($0.35q) 2,590 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2, 500 + $0.25q) 4,350 Shipping ($0.65q) 4, 810 Utilities ($1, 220) 1, 220 Other ($510 + $0.01q) 584 Total expense 16, 654 Net operating income $ 13, 686 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 Revenue $ 27,300 Expenses : Packing supplies 2,760 Oyster bed maintenance 2,960 Wages and salaries 4,760 Shipping 4,540 Utilities 1, 030 Other 1, 204 Total expense 17, 254 Net operating income $ 10,046Required: 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