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: 7,400 $ 30,710 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.159) Expenses: Packing supplies ($0.300) Oyster bed maintenance ($3,300) Wages and salaries ($2,500 + $0.300) Shipping ($0.80) Utilities ($1,270) Other ($470 + $0.019) Total expense Net operating income 2,220 3,300 4,720 5,920 1,270 544 17,974 $ 12,736 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 Revenue $ 26,800 Expenses: Packing supplies 2,390 Oyster bed maintenance 3,160 Wages and salaries 5,130 Shipping 5,650 Utilities 1,080 Other 1,164 Total expense 18, 574 Net operating income $ 8,226 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