Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 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 (a) 7,500 Revenue ($4.10) $ 30,750 Expenses: Packing supplies ($0.40) 3,000 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,500 + $0.459) 5,875 Shipping ($0.609) 4,500 Utilities ($1,270) 1,270 Other ($430 + $0.019) 505 Total expense 18,750 Net operating income $ 12,000 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 26,800 Expenses: Packing supplies 3,170 Oyster bed maintenance 3, 460 Wages and salaries 6,285 Shipping 4,230 Utilities 1,080 Other 1,125 Total expense 19,350 Net operating income $ 7,450 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