Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7.500 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) 7.500 Revenue (54.209) $ 31,500 Expenses: Packing supplies ($0.250) 1,875 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,108 + $0.25) 3,975 Shipping (50.659) 4,875 Utilities (51,280) 1,280 Other ($470 + $0.019) 545 Total expense 15,550 Net operating income $ 15,950 The actual results for August were as follows: Quitcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 27,000 Expenses: Packing supplies 2,045 Oyster bed maintenance 2,860 Wages and salaries 4,385 Shipping 4,605 Utilities 1,090 Other 1,165 Total expense 16, 158 Net operating income $ 10,850 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 fi.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