Quitcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7100 pounds of oysters in August, The company's flexible budget for August appears below: Quilcone Oysteria Plexible Budget Tor the Month Endod August 31 Actual pounds (9) 7.100 Revenue (54.100) $ 29, 110 Expenses Packing supplies ($0.350) 2.485 Oyster bed maintenance (53,400) 3,400 Wages and salaries (52,200 + $0.259) 3,975 Shipping (50.809) 5.680 Utilities ($1,230) 1,230 Other (5510 + $0.019) 581 Total expense 17,351 $11.759 Not operating Income The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.100 Revenue 526,500 Expenses Packing supplies 2,655 Oyster bed maintenance 3,260 Wages and salaries 4.385 Shipping 5,410 Utilities 1.040 Other 1. 201 Total expense 17,951 $ 8,549 Bet operating income 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 (.e., zero variance). Input all amounts as positive values.) Quilcene Oystoria 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