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: 7,000 $ 29,400 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.209) Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,600) Wages and salaries ($2,100 + $0.359) Shipping ($0.659) Utilities ($1,220) Other ($430 + $0.019) Total expense Net operating income 1,750 3,600 4,550 4,550 1,220 500 16,170 $ 13,230 The actual results for August appear below: 1,920 Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,000 Revenue $ 26,900 Expenses: Packing supplies Oyster bed maintenance 3,460 Wages and salaries 4,960 Shipping 4,280 Utilities 1,030 Other Total expense 16,770 Net operating income $ 10,130 1,120 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