uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,600 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 (g) 7,600 Revenue ($4.10g) $ 31,160 Expenses: Packing supplies ($0.25g) 1,900 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,500 + $0.35g) 5,160 Shipping ($0.70g) 5,320 Utilities ($1,290) 1,290 Other ($510 + $0.01g) 586 Total expense 17,456 Net operating income $ 13,704 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,600 Revenue $27,100 Expenses: Packing supplies 2,070 Oyster bed maintenance 3,060 Wages and salaries 5,570 Shipping 5,050 Utilities Other 1,100 1,206 Total expense 18,056 Net operating income $ 9,044 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 Expenses: Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income