Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,700 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)		7,700
Revenue ($4.20q)	$	32,340
Expenses:
Packing supplies ($0.40q)		3,080
Oyster bed maintenance ($3,300)		3,300
Wages and salaries ($2,100 + $0.35q)		4,795
Shipping ($0.75q)		5,775
Utilities ($1,270)		1,270
Other ($480 + $0.01q)		557
Total expense		18,777
Net operating income	$	13,563

The actual results for August appear below:

Quilcene Oysteria Income Statement For the Month Ended August 31
Actual pounds		7,700
Revenue	$	26,700
Expenses:
Packing supplies		3,250
Oyster bed maintenance		3,160
Wages and salaries		5,205
Shipping		5,505
Utilities		1,080
Other		1,177
Total expense		19,377
Net operating income	$	7,323

Required:

Compute 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.)

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