Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7.900 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) 7.900 Revenue (54.259) $33,575 Expenses: Packing supplies (50.35) 2,765 Oyster bed maintenance ($3,300) 3,300 Wages and salaries ($2,200 $0.409) 5,360 Shipping (50.759) 5,925 Utilities ($1,220) 1,220 Other ($588 + $0.019) 579 Total expense 19,149 Net operating income $14,426 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,900 $ 27,100 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,935 3,160 5,770 5,655 1,030 1,199 19,749 $ 7,351 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.) Qullcane 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