Quilcene Oysteria forms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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) 7,400 Revenue ($4.189) $ 30,340 Expenses: Packing supplies ($0.359) 2,590 Oyster bed maintenance ($3,400) 3,400 Wages and salaries ($2,200 + $0.359) 4,790 Shipping ($0.659) 4,810 Utilities ($1,260) 1,260 Other ($460 + $0.019) 534 Total expense 17,384 Net operating income $ 12,956 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,400 527, 100 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,760 3,260 5,200 4,540 1,070 1,154 17,984 $ 9, 116 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 Not operating income