Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 pounds of oysters in August. The company's flexible budget for August appears below: 7,800 $32,760 1,950 3,600 5,120 5,070 1.210 518 17,468 $ 15,292 Quilcone Oysteria Flexible Budget For the Month Ended August 31 Actual pounde (9) Revenue ($4.209) Expenses Packing supplies (50.259) Oyster bed maintenance ($3,600) Mages and salaries ($2,000 + $0.400) Shipping (50.659) Utilities ($1,210) Other (5440 + $0.019) Total expense Net operating incono The actual results for August appear below: Outlcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.800 Revenue 5.22,400 Expenses Packing supplies 2,120 Oyster bed maintenance 3,460 Wages and salaries 5,530 Shipping 4.800 Utilities 1.020 Other 1,138 Total expense 18,068 $9,332 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.) Qullcene 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