Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 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)		7,900
Revenue ($4.25q)	$	33,575
Expenses:
Packing supplies ($0.35q)		2,765
Oyster bed maintenance ($3,400)		3,400
Wages and salaries ($2,300 + $0.45q)		5,855
Shipping ($0.60q)		4,740
Utilities ($1,240)		1,240
Other ($470 + $0.01q)		549
Total expense		18,549
Net operating income	$	15,026

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,900
Revenue	$	27,100
Expenses:
Packing supplies		2,935
Oyster bed maintenance		3,260
Wages and salaries		6,265
Shipping		4,470
Utilities		1,050
Other		1,169
Total expense		19,149
Net operating income	$	7,951

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.)

Quilcene Oysteria

Revenue and Spending Variances

For the Month Ended August 31

Revenue

Expenses

Packing supplies

Oyster bed maintenance

Weges and salaries

shipping

utilities

Other

Total expenses
Net operating income