Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Plexible Budget For the Month Ended August 31 Actual pounds (9) 7,200 $ 29,520 Revenue ($4.109) Expenses : Packing supplies ($0.359) Oyster bed maintenance ($3,300) Wages and salaries ($2,600 + $0.300) Shipping ($0.609) Utilities ($1,250) Other ($420 + $0.019) Total expense Net operating income 2,520 3,300 4,760 4,320 1,250 492 16,642 $ 12,878 The actual results for August appear below: Quilcone Oysteria Income statement For the Month Ended August 31 Actual pounds 7,200 Revenue $ 26,500 Expenses Packing supplies 2,690 Oyster bed maintenance 3,160 Wages and salaries 5,170 Shipping 4,050 Utilities 1,060 Other 1,112 Total expense 17242 $ 9,258 Net operating income Hele DO Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,160 5,170 4,050 1,060 1, 112 17,242 $ 9,258 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