Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7 100 pounds of oysters in August The company's flexible budget for August appears below 7.100 $29.110 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) Revenue ($4.100) Expenses Packing supplies (50.300) Oyster bed maintenance (53,500) Wages and salaries (52.400 + $0.300) Shipping (50 759) Utilities ($1,250) Other ($480 + $0.019) 2 130 3.500 4.530 5.325 1,250 551 Total expense 17,286 Net operating income S 11 824 The actual results for August appear below Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7100 Revenue $ 26 500 Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities 2.300 3,360 4.940 5,055 1,060 1.171 Other Total expense 17 886 Net operating Income $8,614 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