Qullcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 pounds of oysters in August. The company's flexible budget for August appears below: 7,500 $ 31,125 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.159) Expenses: Packing supplies ($0.309) Oyster bed maintenance ($3,680) Wages and salaries ($2,388 + $0.359) Shipping ($8.889) Utilities ($1,250) Other ($400 + $0.019) Total expense Net operating income 2,250 3,600 4,925 6, eee 1,25e 475 18,500 $ 12,625 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 27,300 Expenses: Packing supplies 2,420 Oyster bed maintenance 3,460 Wages and salaries 5,335 Shipping 5,730 Utilities 1,060 Other 1,995 Total expense 19, 100 Net operating income $ 8,200 Required: Calculate the company's revenue and spending varlances for August. (Indicate the effect of each varlance 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