Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 pounds of oysters in August. The company's flexible budget for August appears below: 7,600 $ 31,540 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.159) Expenses : Packing supplies $0.259) Oyster bed maintenance ($3,400) Wages and salaries ($2,300 + $0.409) Shipping ($0.759) Utilities ($1,250) Other ($440 + $0.019) Total expense Net operating income 1,900 3,400 5,340 5,700 1,250 516 18,106 $ 13,434 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 Revenue $ 26,900 Expenses: Packing supplies 2,070 Oyster bed maintenance 3,260 Wages and salaries 5,750 Shipping 5,430 Utilities 1,060 Other 1,136 Total expense 18,706 Net operating income $ 8,194 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