Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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) 7,680 $ 31,549 Revenue ($4.159) Expenses: Packing supplies ($9.359) Oyster bed maintenance ($3,169) Keges and salaries ($2,500 + $0.359) Shipping ($9.759) Utilities ($1,279) Other ($450 + $0.619) Total expense Net operating income 2,660 3,109 5.169 5,700 1,279 526 18,416 13.124 $ The actual results for August appear below: Quilcene Oysteria Income statement For the Month Ended August 31 Actual pounds 7,699 $ 27,999 Revenue Expenses: Packing supplies Oyster bed maintenance Keges and salaries Shipping Utilities Other Total expense Net operating income 2,830 2,969 5,579 5,439 1.08 1,146 19,016 7,984 $ Required: Calculate the company's revenue and spending variances for August. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero varlance). Input all amounts as positive values. Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue $ (4,540) Expenses: Packing supplies 1707 Oyster bed (140) maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income