Qullcene Oysteria farms and sellis oysters in the Pacific Northwest. The company harvested and sold 7,800 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) 7,800 Revenue ($4.189) $ 31,980 Expenses: Packing supplies ($0.409) 3,120 Oyster bed maintenance ($3,000) 3, eee Wages and salaries ($2,499 + $0.359) 5,130 Shipping ($8.789) 5, 468 Utilities ($1,300) 1,309 Other ($440 + $0.019) 518 Total expense 18,528 Net operating income $ 13,452 7,800 $ 27,400 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 expense Net operating income 3,298 2,860 5, 540 5,198 1,112 1,138 19, 128 $ 8,272 Required: Calculate the company's revenue and spending varlances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). 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 Net operating income