Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,200 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)		7,200
Revenue ($4.10q)	$	29,520
Expenses:
Packing supplies ($0.30q)		2,160
Oyster bed maintenance ($3,500)		3,500
Wages and salaries ($2,200 + $0.50q)		5,800
Shipping ($0.55q)		3,960
Utilities ($1,240)		1,240
Other ($460 + $0.01q)		532
Total expense		17,192
Net operating income	$	12,328

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,200
Revenue	$	27,200
Expenses:
Packing supplies		2,330
Oyster bed maintenance		3,360
Wages and salaries		6,210
Shipping		3,690
Utilities		1,050
Other		1,152
Total expense		17,792
Net operating income	$	9,408

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
utlities
other
total expense
net operating income