uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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) 7,900 Revenue ($4.10q) $ 32,390 Expenses: Packing supplies ($0.309) 2,370 Oyster bed maintenance ($3,000) 3,000 Wages and salaries ($2,200 + $0.40q) 5,360 Shipping ($0.60g) 4,740 Utilities ($1,270) 1,270 Other ($400 + $0.019) 479 Total expense 17,219 $ 15,171 Net operating income The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds Revenue Expenses: 7,900 $ 27,100 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other 2,540 2,860 5,770 4,470 1,080 1,099 Total expense 17,819 Net operating income $ 9,281 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.) Revenue Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income