Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,800 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)	7,800
Revenue ($4.20q)	$ 32,760
Expenses:
Packing supplies ($0.40q)	3,120
Oyster bed maintenance ($3,100)	3,100
Wages and salaries ($2,300 + $0.35q)	5,030
Shipping ($0.80q)	6,240
Utilities ($1,260)	1,260
Other ($500 + $0.01q)	578
Total expense	19,328
Net operating income	$ 13,432

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds	7,800
Revenue	$ 27,500
Expenses:
Packing supplies	3,290
Oyster bed maintenance	2,960
Wages and salaries	5,440
Shipping	5,970
Utilities	1,070
Other	1,198
Total expense	19,928
Net operating income	$ 7,572

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
Wages and salaries
Shipping
Utilities
Other
Total expense
Net operating income