Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 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) Revenue ($4.10) 7,000 $ 28,700 Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,200) Wages and salaries ($2,000 + $0.459) Shipping ($0.600) Utilities ($1,230) Other ($490 + $0.019) 1,750 3,200 5,150 4,200 1,230 560 Total expense 16,090 Net operating income $ 12,610 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,000 Revenue $ 27,500 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 1,920 3,060 5,560 3,930 1,040 1,180 Total expense 16,690 Net operating income $ 10,810 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