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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7700 pounds of oysters in August. The company's fiexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (q) 7,700 Revenue ($4.10) $31,570 Expenses: Packing supplies ($0.359) 2,695 Oyster bed maintenance ($3,500) 3,500 Wages and salaries ($2,200 + $0.509) 6,050 Shipping ($0.559) 4,235 Utilities ($1,280) 1,280 Other ($440 + $0.019) 517 Total expense 18,277 $13, 293 Net operating income ce The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,700 Revenue $27,500 Expenses: Packing supplies 2,865 Oyster bed maintenance 3,360 Wages and salaries 6,460 Shipping 3,965 utilities 1,098 Other 1, 137 Total expense 18,877 Net operating $ 8,623 income 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

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