Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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) 7,200 Revenue ($4.259) $ 30,600 Expenses: Packing supplies ($0.359) 2,520 Oyster bed maintenance ($3,300) 3,300 Wages and salaries ($2,100 + $0.459) 5, 340 Shipping ($0.600) 4,320 Utilities ($1,250) 1,250 Other ($480 + $0.019) 552 Total expense 17,282 Net operating income $ 13,318 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,200 $ 26,900 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,690 3, 160 5,750 4,050 1,060 1, 172 17,882 $ 9,018 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 (.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