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 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 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 pounds of oysters in August. The company's flexible budget for August appears below: 7,700 $ 32, 340 Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.209) Expenses: Packing supplies ($0.359) Oyster bed maintenance ($3,100) Wages and salaries ($2,300 + $0.35) Shipping ($0.75g) Utilities ($1,250) Other ($510 + $0.019) Total expense Net operating income 2,695 3,100 4,995 5,775 1,250 587 18,402 $ 13,938 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $ 27,200 Expenses: Backing supplies 2,865 Oyster bed maintenance 2,960 Wages and salaries 5, 405 Shipping 5,505 Utilities 1,060 Other 1,207 Total expense 19,002 $ 8,198 Net operating income