Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7700 pounds of oysters in August. The company's flexible budget for August appears below: Quilcone Oysteria Plexible Budget For the Month Ended August 31 Actual pounds (9) 7,700 $ 31,185 Revenue ($4.059) Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,000) Wages and salaries ($2,500 + $0.309) Shipping ($0.559) Utilities ($1,260) Other ($440 + $0.019) Total expense Net operating income 1,925 3,000 4.810 4,235 1,260 517 15,747 $ 15,438 The actual results for August were as follows: Quilcone Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 $ 26,600 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,095 2,860 5,220 3,965 1,070 1.137 16,347 $10,253 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