Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sol 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 ($4.259) 7.700 $32,725 Expenses: Packing supplies ($0.40) Oyster bed maintenance ($3,400) Wages and salaries ($2,500 + $0.500) 93.400 3,080 3,400 6,350 5,775 1,230 527 Utipping (50 laries $2 Utilities ($1,230) Other ($450 + $0.019) Total expense Net operating income 20,362 $12,363 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $ 27,400 Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 3,250 3,260 6.760 5.505 1.040 1,147 Total expense 20,962 Net operating income $ 6,438 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., zer 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