Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,100 Revenue ($4.05q) $ 28,755 Expenses: Packing supplies ($0.25q) 1,775 Oyster bed maintenance ($3,400) 3,400 Wages and salaries ($2,000 + $0.50q) 5,550 Shipping ($0.75q) 5,325 Utilities ($1,290) 1,290 Other ($420 + $0.01q) 491 Total expenses 17,831 $ 10,924 Net operating income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expenses Net operating income Required: 7,100 $ 26,600 1,945 3,260 5,960 5,055 1,100 1,111 18,431 $ 8,169 Calculate the company's revenue and spending variances for August. Note: 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.