uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 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 (g) 8,000 Revenue ($4.20g) $ 33,600 Expenses: Packing supplies ($0.35g) 2,800 Oyster bed maintenance ($3,300) 3,300 Wages and salaries ($2,600 + $0.25g) 4,600 Shipping ($0.65g) 5,200 Utilities ($1,290) 1,290 Other ($510 + $0.019) 590 Total expense 17,780 $ 15,820 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: 8,000 $ 27,200 Packing supplies Wages and salaries Shipping Utilities Other 2,970 Oyster bed maintenance 3,160 5,010 4,930 1,100 1,210 Total expense 18,380 $ 8,820 Net operating income 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