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 Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 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 (q) Revenue ($4.10q) Expenses: Packing supplies ($0.35q) Oyster bed maintenance ($3,600) Wages and salaries ($2,500+ $0.35q) Shipping ($0.60q) Utilities ($1,270) Other ($410 + $0.01q) Total expense Net operating income The actual results for August were as follows: Quilcene Oysteria 7,100 $ 29,110 2,485 3,600 4,985 4,260 1,270 481 17,081 $ 12,029 Income Statement For the Month Ended August 31 Actual pounds 7,100 Revenue $ 26,900 Expenses: Packing supplies 2,655 Oyster bed maintenance 3,460 Wages and salaries Shipping Utilities Other Total expense 5,395 3,990 1,080 1,101 17,681 Net operating income $ 9,219