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Qullcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in August. The company's flexible budget for August appears below: 7,000 $ 29,050 Quilcone Oysterin Flexible budget For the Month Ended August 31 Actual pounds (9) Revenue ($4.159) Expenses Packing supplies ($0.350) Oyster bed maintenance ($3,600) Wages and salaries ($2,300 + $0.40) Shipping ($0.759) Utilities ($1,250) Other ($410 + $0.019) Total expense Wet operating income The actual results for August appear below: 2.450 3,600 5,100 5,250 1,250 480 18,130 $ 10,920 Quilcone Oysteria Income Statement For the Month Inded August 31 Actual pounds 7,000 Revenue $ 27.100 Expennen! Packing supplies 2,620 Oyater bed maintenance 3,460 Wages and salarien 5,510 Shipping 4.980 Utilities 1,060 Other 1,100 Total expense 1,700 Net operating income $ 3,370 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.) Quilcone Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expensen: Packing supplies Oyster bed maintenance Wages and salaries Shipping Usities Other Total expense Not operating income

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