Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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 (9) 7,400 Revenue ($4.159) $ 30,710 Expenses: Packing supplies ($0.40) 2,960 Oyster bed maintenance ($3,100) 3,100 Wages and salaries ($2,400 + $0.409) 5,360 Shipping ($0.600) 4,440 Utilities ($1,280) 1,280 Other ($420 + $0.019) 494 Total expense 17,634 Net operating income $13,076 The actual results for August were as follows: Quilcene Oysteria Income statement For the Month Ended August 31 Actual pounds 7,400 Revenue $ 26,500 Expenses Packing supplies 3,130 Oyster bed maintenance 2,960 Wages and salaries 5,770 Shipping 4,170 Utilities 1,090 Other 1,114 Total expense 18,234 Net operating income $ 8, 266 Actual pounds 7,400 $ 26,500 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salaries Shipping Utilities Other Total expense Net operating income 3,130 2,960 5,770 4,170 1,090 1,114 18,234 $ 8,266 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 (.e., zero variance). Input all amounts as positive values.) Qullcene 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