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 (q) 8,000 Revenue (54.209) $33,600 Expenses: Packing supplies ($0.359) 2,800 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,500 + $0.38) 4,900 Shipping ($0.60) 4,800 Utilities ($1,290) 1,290 Other $470 + $0.019) 550 Total expense 17,840 Net operating income $15,760 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 8,800 Revenue $27,000 Expenses: Packing supplies 2,970 Oyster bed maintenance 3,360 Wages and salaries 5,310 Shipping 4,530 Utilities 1,100 Other 1,170 Total expense 18,440 Net operating income $ 8,560 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