uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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) 7,200 Revenue ($4,250) $30,600 Expenses: Packing supplies ($0.300) D 2,160 Oyster bed maintenance ($3,300) 3,300 wages and salaries ($2,100 $0.300) 4,260 Shipping ($0.65q) 4,680 nces Utilities ($1,230) Other ($430 $0.010) Total expense 1,230 502 16,132 Net operating income $14,468 The actual results for August appear below. The actual results for August appear below. Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: Packing supplies Oyster bed maintenance. Wages and salaries Shipping Utilities Other Total expense Net operating income Required: 7,200 $27,200 2,330 3,168 4,670 4,410 1,040 1,122 16,732 $ 10,468 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.) Revenue Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Expenses: ces Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income