3: Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 pounds of oysters in August. The companys flexible budget for August appears below:

Quilcene Oysteria
Flexible Budget
For the Month Ended August 31
Actual pounds (q)	7,200
Revenue ($4.10q)	$ 29,520
Expenses:
Packing supplies ($0.30q)	2,160
Oyster bed maintenance ($3,600)	3,600
Wages and salaries ($2,500 + $0.40q)	5,380
Shipping ($0.80q)	5,760
Utilities ($1,240)	1,240
Other ($450 + $0.01q)	522
Total expense	18,662
Net operating income	$ 10,858

The actual results for August were as follows:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds	7,200
Revenue	$ 26,900
Expenses:
Packing supplies	2,330
Oyster bed maintenance	3,460
Wages and salaries	5,790
Shipping	5,490
Utilities	1,050
Other	1,142
Total expense	19,262
Net operating income	$ 7,638

Required:

Calculate the companys 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.)