Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below. 7.300 $30.660 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue (54.209) Expenses Packing supplies (50.359) Oyster bed maintenance ($3,400) Wages and salaries (52.600 + $0.40) Shipping (S0.659) Utilities ($1,250) Other (S500 + S0.010) Total expense Net operating income 2.555 3.400 5.520 4.745 1.250 573 18.043 $12.617 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.300 Revenue $27 300 Expenses: Packing supplies 2.725 Oyster bed maintenance 3.260 Wages and salaries 5.930 Shipping 4,475 Utilities 1,060 Other 1,193 18,643 Net operating income $ 8,657 Total expense Required: Compute 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 fi.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