Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,300 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)		7,300
Revenue ($4.10q)	$	29,930
Expenses:
Packing supplies ($0.35q)		2,555
Oyster bed maintenance ($3,300)		3,300
Wages and salaries ($2,000 + $0.40q)		4,920
Shipping ($0.75q)		5,475
Utilities ($1,250)		1,250
Other ($460 + $0.01q)		533
Total expense		18,033
Net operating income	$	11,897

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,300
Revenue	$	26,700
Expenses:
Packing supplies		2,725
Oyster bed maintenance		3,160
Wages and salaries		5,330
Shipping		5,205
Utilities		1,060
Other		1,153
Total expense		18,633
Net operating income	$	8,067

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