Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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 (9) 8,000 Revenue ($4.209) $ 33,600 Expenses: Packing supplies ($0.409) 3,200 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,100 + $0.409) 5,300 Shipping ($0.709) 5,600 Utilities ($1,270) 1,270 Other ($410 + $0.019) 490 Total expense 19,460 Net operating income $ 14,140 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,000 Revenue $ 27,400 Expenses : Packing supplies 3,370 Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,460 5,710 5,330 1,080 1,110 20,060 $ 7,340 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