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 (9) 7,300 Revenue ($4.059) $ 29,565 Expenses: Packing supplies ($0.354) 2,555 Oyster bed maintenance ($3, 100) 3, 100 Wages and salaries ($2,300 + $0.359) 4,855 Shipping ($0.559) 4,015 Utilities ($1,230) 1, 230 Other ($410 + $0.019) 483 Total expense 16, 238 Net operating income $ 13, 327 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 27, 100 Expenses: Packing supplies 2,725 Oyster bed maintenance 2,960 Wages and salaries 5, 265 Shipping 3,745 Utilities 1,040 Other 1, 103 Total expense 16,838 $ 10, 262 Net operating income 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