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: 7,300 529,930 Quilcene Oysteria Plexible Budget for the Month Ended August 31 Actual pounda (4) Revenue (54.100) Expenses Packing supplies (50.359) Oyster bed maintenance ($3,000) Wages and salaries (52,200 + $0.300) Shipping ($0.600) Utilities ($1.290) other (5430 + 30.019) Total expense Net operating income 2,555 3,000 4,390 4.380 1,290 503 16, 118 $ 13,812 The actual results for August appear below Quilcene Oysteria Income Statement For the Month Ended August 31 Metunl pounds 7.300 Revenue 527/100 Expenses Packing supplies 2,725 Oyster bed maintenance 2.860 Wages and salaries 4.000 Shipping 4,110 Utilities 1,100 Other 1,123 Total expense 16.210 Net operating income 6.10,302 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 Uits Other Total expense Net operating income