Qullcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The company's flexible budget for August appears below: Quilcone Oysteria Flexible Budget Tor the Month Ended August 31 Actual pounds (a) 7.900 $32,390 Revenue ($4.109) Expenses Packing supplies ($0.309) Oyster bed maintenance ($3,100) Wages and salaries ($2,200 + $0.359) Shipping ($0.700) Utilities ($1,250) Other ($480 + $0.019) Total expense Net operating income 2,370 3,100 4,965 5,530 1.250 559 12,774 $ 14,616 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7.900 Revenue $ 27,100 Expenses: Packing supplies 2,540 Oyster bed maintenance 2,960 Wages and salaries 5,375 Shipping 5,260 Utilities 1,060 Other 1,179 Total expense Net operating income $8,726 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 2,540 2,960 5.375 5,260 1,060 1,179 18,374 58,726 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 Net operating income