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 ($4.059) $30,375 Expenses: Packing supplies (50.300) 2,250 Oyster bed maintenance ($3,600) 3,600 Wages and salaries ($2,200 - $0.459) 5,575 Shipping (50.759) 5,625 utilities ($1,210) 1,270 Other ($440 + $0.019) 515 Total expense 18,835 Net operating income $11,540 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $27, 100 Expenses: Packing supplies 2,420 Oyster bed maintenance 3,460 Wages and salaries 5,985 Shipping 5,355 Utilities 1,080 Other 1,135 Total expense 19,435 Net operating income 5 7,665 $27, 100 Revenue Expenses: Packing Supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2.420 3,460 5,985 5.355 1,080 1,135 19,435 $ 7,665 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 (le., 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 salarios Shipping Utilities Other Total expense Not operating income