Quilcene Oysteria forms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of cysters in August. The company's Nexible budget for August appears below) Quicone Oysteris Flexible Budget For the Month Ented gust Actual pounds ( 7,100 Revenue (54.250) 5.30,175 Expenses Packing supplies (50.354) 2,485 Oyster bed maintenance ($3,300) 3,300 Wages and salaries (52,300 $0.350) 4,785 Shipping (50.750) 5,325 Utilities (51,290) 1,290 Other (5490 50.019) 561 Total expense 17746 Net operating Income $ 12,420 The actual results for August appear below. Quiche Oyster Income Statement For the Month Ende August 31 Actual pounds 7.100 Steven $ 27,400 Expenses Packing supplies 2,655 Oyster bed saintenance 3.160 Wages and salaries 5,195 Shipping 5,055 Utilities 1,100 Other 1,181 Total expense Net operating income 59,054 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 (ie, 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 Other Total expense Net operating income