Qullcene Oysteria farms and sells 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 ($4.159) $ 32,370 Expenses: Packing supplies ($0.259) 1,950 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,100 + $0.40) 5,220 Shipping ($0.559) 4,290 Utilities ($1,280) 1,280 Other ($420 + $0.019) 498 Total expense 16,338 Net operating income $ 16,032 The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $ 26,800 Expenses: Packing supplies 2,120 Oyster bed maintenance 2,960 Wages and salaries 5,630 Shipping 4,020 Utilities 1,090 Other 1,118 Total expense 16,938 Net operating income $ 9,862 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