Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: 8,000 $33,600 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.209) Expenses: Packing supplies ($0.35) Oyster bed maintenance ($3,200) Wages and salaries ($2,000 + $0.300) Shipping ($0.600) Utilities ($1,290) Other ($480 + $0.019) Total expense Net operating income 2,800 3,200 4,400 4,800 1,290 560 17,050 $16,550 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 Revenue $26,900 Expenses: Packing supplies 2,970 Oyster bed maintenance 3,060 Wages and salaries 4,810 Shipping 4,530 Utilities 1,100 Other 1,180 Total expense 17,650 Net operating income $ 9,250 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., 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