uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 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) 7,700 Revenue ($4.20q) 32,340 Expenses: Packing supplies ($0.40q) 3,080 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,600 + $0.45q) 6,065 Shipping ($0.65q) 5,005 Utilities ($1,280) 1,280 Other ($430 + $0.019) 507 Total expense 19,037 $ Net operating income 13,303 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 $ Revenue 26,800 Expenses: Packing supplies 3,250 Oyster bed maintenance 2,960 Wages and salaries 6,475 Shipping 4,735 Utilities 1,090 Other 1,127 Total expense 19,637 Net operating income $ 7,163 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 $ 32,340 U U 140 F maintenance Wages and U salaries Shipping 270 F Utilities 190 F Other Total expense U Net operating U income