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: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,800 $ 32,760 Revenue ($4.209) Expenses: Packing supplies ($0.300) Oyster bed maintenance ($3,600) Wages and salaries ($2,100 + $0.409) Shipping ($0.80) Utilities ($1,220) Other $510 + $0.019) Total expense Net operating income 2,340 3,600 5, 220 6,240 1,220 588 19, 208 $ 13,552 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $ 27,000 Expenses: Packing supplies 2,510 Oyster bed maintenance 3,460 Wages and salaries 5,630 Shipping 5,970 Utilities 1,030 Other Total expense 19,808 Net operating income $ 7,192 1, 208 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