Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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 (g) 7,300 $ 30,660 + Revenue ($4.200) Expenses: Packing supplies ($0.259) Oyster bed maintenance ($3,300) Wages and salaries ($2,100 + $0.400) Shipping ($0.600) Utilities ($1,210) Other ($470 + $0.019) Total expense Net operating income 1,825 3,300 5,020 4,380 1,210 543 16,278 $ 14,382 The actual results for August appear below: Qui Icene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 $ 27,400 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 1,995 3,160 5,430 4,110 1,020 1,163 16,878 $ 10,522 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.) favorable, "O" 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