uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 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) 7,500 Revenue ($4.10q) $ 30,750 Expenses: Packing supplies ($0.35q) 2,625 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,100 + $0.309) 4,350 Shipping ($0.659) 4,875 Utilities ($1,260) 1,260 Other ($500 + $0.019) 575 Total expense 17,185 $ 13,565 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: 7,500 $ 27,400 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense 2,795 3,360 4,760 4,605 1,070 1,195 17,785 Net operating income $ 9,615 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