Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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, 200 Revenue ($4.15q) $ 29, B80 Expenses: Packing supplies ($0.35q) 2,520 Oyster bed maintenance ($3, 500) 3,500 Wages and salaries ($2, 600 + $0. 25g) 4, 400 Shipping ($0.60g) 4, 320 Utilities ($1, 260) 1, 260 Other ($510 + $0.01q) 582 Total expense 16 , 582 Net operating income $ 13,298 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7, 200 Revenue $ 26, 700 Expenses : Packing supplies 2, 690 Oyster bed maintenance 3, 360 Wages and salaries 4, 810 Shipping 4,050 Utilities 1 , 070 Other 1, 202 Total expense 17, 182 Net operating income $ 9, 518 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