Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 pounds of oysters in August. The company's flexible budget for August appears below: Qullcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 7,700 Revenue (54.209) $32,340 Expenses: Packing supplies (50.259) 1,925 Oyster bed maintenance ($3,100) 3.100 Wages and salaries ($2,500 + $0.509) 6,350 Shipping (50.659) 5,005 Utilities ($1,210) 1,210 Other ($450 30.019) 527 Total expense 10.117 Net operating Income $ 14,223 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 $ 27,480 4 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,895 2,960 6,760 4,735 1,020 1,147 18,717 $ 8,683 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.) 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