uilcene 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 (q) 7,800 Revenue ($4.20q) $32,760 Expenses: Packing supplies ($0.300) 2,340 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,200 + $0.409) 5,320 Shipping ($0.70q) 5,460 Utilities ($1,240) 1,240 Other ($480 + $0.014) 558 Total expense 18,418 Net operating income $14,342 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: 7,800 $ 26,700 Packing supplies Wages and salaries Shipping Utilities Other 2,510 Oyster bed maintenance 3,360 5,730 5,190 1,050 1,178 Total expense 19,018 Net operating income $ 7,682 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