Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters in August. The company's flexible budget for August appears below: 7,800 $ 31,980 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.109) Expenses : Packing supplies ($0.359) Oyster bed maintenance ($3,300) Wages and salaries ($2,500 + $0.259) Shipping ($0.659) Utilities ($1,300) Other ($430 + $0.019) Total expense Net operating income 2,730 3,300 4,450 5,070 1,300 508 17,358 $ 14,622 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $ 27,100 Expenses : Packing supplies 2,900 Oyster bed maintenance 3,160 Wages and salaries 4,860 Shipping 4,800 Utilities 1,110 Other 1,128 Total expense 17,958 Net operating income $ 9,142 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