uilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 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). 7,800 Revenue ($4.05g) $31,590 Expenses: Packing supplies ($0.25g) 1,950 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,200 + $0.45g) 5,710 Shipping ($0.65q) 5,070 Utilities ($1,260) 1,260 Other ($430 + $0.01g) 508 Total expense 17,598 Net operating income $13,992 The actual results for August appear below: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,800 Revenue $27,000 Expenses: Packing supplies 2,120 Oyster bed maintenance 2,960 Wages and salaries 6,120 Shipping 4,800 Utilities Other 1,070 1,128 Total expense 18,198 Net operating income $ 8,802 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