Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 pounds of oysters in August. The company's flexible budget for August appears below: 7,300 $ 29,930 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (g) Revenue ($4.10q) Expenses: Packing supplies $0.359) Oyster bed maintenance ($3,200) Wages and salaries ($2,400 + $0.359) Shipping ($0.657) Utilities ($1,250) Other ($450 + $0.019) Total expense 2,555 3,200 4,955 4,745 1,250 523 17, 228 $ 12,702 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,300 Revenue $ 26,600 Expenses Packing supplies 2,725 Oyster bed maintenance 3,060 Wages and salaries 5,365 Shipping 4,475 Utivities 1,060 Other 1, 143 Total expense 17,828 $ 8,772 Net operating income Total expense 17,828 $ 8,772 Net operating income 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