Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7200 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 (54.159) $ 29,880 Expenses Packing supplies (50.300) Oyster bed maintenance ($3,100) 3.100 Hages and salaries ($2,100 + $0.400) 4,980 Shipping (50.759) 5,400 utilities (51,250) Other (5490 + 50.019) Total expense 17.452 $ 12,428 Wet operating income The actual results for August appear below 2,160 1,250 562 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,200 Revenue $ 27,200 Expenses: Packing supplies 2,330 Oyster bed maintenance 2,960 Wages and salaries 5,390 Shipping 5,130 Utilities 1,060 Other 1,182 Total expense 18,052 Net operating income $ 9, 148 $ 9,148 Het 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 os positive values.) Qullcene 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