Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 pounds of oysters in August. The company's flexible budget for August appears below: 7,400 $ 31,450 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) Revenue ($4.259) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,400) Wages and salaries ($2,600 + $0.459) Shipping ($0.659) Utilities ($1,230) Other ($480 + $0.019) Total expense Net operating income 2,590 3,400 5,930 4,810 1,230 554 18,514 $ 12,936 The actual results for August appear below: The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 Revenue $ 26,700 Expenses: Packing supplies 2,760 Oyster bed maintenance 3,260 Wages and salaries 6,340 Shipping 4,540 Utilities 1,040 Other 1,174 Total expense 19, 114 Net operating income $ 7,586 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