Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7700 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 (9) 7,700 $ 32, 340 Revenue (54.289) Expenses: Packing supplies ($0.309) Oyster bed maintenance (53,200) Wages and salaries ($2,200 + $e. 359) Shipping (50.809) Utilities ($1,210) Other ($450 + $0.019) Total expense Net operating income 2,310 3,200 4,895 6,160 1,210 557 18,332 $ 14,000 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $26.800 Expenses Packing supplies 2,480 Oyster bed maintenance Wages and salaries 5,385 Shipping 5,890 Utilities 1,020 Other 1,177 Total expense 18,932 Net operating income $ 7,868 3,060 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 (.e., zero variance). Input all amounts as positive values.)