Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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) 7,900 Revenue (54.100) $32,390 Expenses: Packing supplies (50.300) 2.370 Oyster bed maintenance (53,000) 3,000 Wages and salaries (52,400 + $0.409) 5,560 Shipping ($0.559) 4,345 Utilities ($1,290) 1,290 Other ($500 + $0.019) Total expense 17,144 515,246 Net operating income 579 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,900 $ 27,000 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,540 2,860 5,970 4,075 1,100 1,199 17,744 $ 9,256 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