Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7600 pounds of oysters in August. The company's flexible budget for August appears below. Quilcene Oysteria Flexible Dudget For the Month Ended August 31 Actual pounds (9) 7,600 Revenue ($4.259) $32,300 Expenses: Packing supplies ($0.359) 2,660 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,400 + $0.309) 4,680 Shipping ($0.759) 5,700 Utilities ($1,280) 1,280 Other ($480 + $0.019) Total expense 18,376 Net operating income $13,924 556 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 $ 26,600 Revenue Expenses Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,830 3,360 5,090 5, 430 1,090 1,176 18,976 $ 7,624 Total expense Net operating income 18,376 $ 13,924 The actual results for August were as follows: Quilcene Oysteria For the Month Ended August 31 Actual pounds 7,600 Income Statement $ 26,600 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,830 3,360 5,090 5,430 1,090 1,176 18,976 $ 7,624 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.) Quilcone Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses Packing supplies Oyster bed maintenance 3 Saved Shipping Utilities Other Total expense Net operating income 5,430 1,090 1,176 18,976 $ 7,624 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