Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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) 7,300 Revenue ($4.209) 9.30,660 Expenses: Packing supplies ($0.40) Oyster bed maintenance ($3,300) Wages and salaries ($2,100 + $0.45) Shipping ($0.659) Utilities ($1,240) Other ($410 + $0.019) 2,920 3,300 5,385 4,745 1,240 483 18,073 Total expense Net operating income $ 12,587 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $27,500 3,090 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 3,160 5,795 4,475 1,050 1,103 18,673 Total expense Net operating income $8,827 Required: Compute 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