Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,100 pounds of oysters in August. The companys flexible budget for August appears below:

Quilcene OysteriaFlexible BudgetFor the Month Ended August 31Actual pounds (q)7,100Revenue ($4.25q)$ 30,175Expenses: Packing supplies ($0.25q)1,775Oyster bed maintenance ($3,600)3,600Wages and salaries ($2,400 + $0.25q)4,175Shipping ($0.70q)4,970Utilities ($1,220)1,220Other ($480 + $0.01q)551Total expense16,291Net operating income$ 13,884

The actual results for August were as follows:

Quilcene OysteriaIncome StatementFor the Month Ended August 31Actual pounds7,100Revenue$ 27,300Expenses: Packing supplies1,945Oyster bed maintenance3,460Wages and salaries4,585Shipping4,700Utilities1,030Other1,171Total expense16,891Net operating income$ 10,409

Required:

Calculate the companys revenue and spending variances for August.

Note: 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.

\begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Quilcene Oysteria } \\ \hline \multicolumn{2}{|c|}{ Revenue and Spending Variances } \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Packing supplies & \\ \hline Oyster bed maintenance & \\ \hline Wages and salaries & \\ \hline Shipping & \\ \hline Utilities & \\ \hline Other & \\ \hline Total expense & \\ \hline Net operating income & \\ \hline \end{tabular}