Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,400 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)		7,400
Revenue ($4.10q)	$	30,340
Expenses:
Packing supplies ($0.30q)		2,220
Oyster bed maintenance ($3,400)		3,400
Wages and salaries ($2,200 + $0.50q)		5,900
Shipping ($0.75q)		5,550
Utilities ($1,210)		1,210
Other ($430 + $0.01q)		504
Total expense		18,784
Net operating income	$	11,556

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,400
Revenue	$	26,800
Expenses:
Packing supplies		2,390
Oyster bed maintenance		3,260
Wages and salaries		6,310
Shipping		5,280
Utilities		1,020
Other		1,124
Total expense		19,384
Net operating income	$	7,416

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 (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