Quilcene Oysteria farms and sells oysters in the Pacific Northwest The company harvested and sold 7,500 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 ) 7,500 Revenue ($4 10 q ) $ 30,750 Expenses Packing supplies ($0 40 q ) 3,000 Oyster bed maintenance ($3,200) 3,200 Wages and salaries ($2,000 $0 30 q ) 4,250 Shipping ($0 60 q ) 4,500 Utilities ($1,230) 1,230 Other ($470 $0 01 q ) 545 Total expense 16,725 Net operating income $ 14,025 The actual results for August were as follows Quilcene Oysteria Income Statement For the Month Ended August 31 Actual pounds 7,500 Revenue $ 27,400 Expenses Packing supplies 3,170 Oyster bed maintenance 3,060 Wages and salaries 4,660 Shipping 4,230 Utilities 1,040 Other 1,165 Total expense 17,325 Net operating income $ 10,075 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 )

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Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 pounds of oysters in August. The companys flexible budget

Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,500 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)	7,500
Revenue ($4.10q)	$ 30,750
Expenses:
Packing supplies ($0.40q)	3,000
Oyster bed maintenance ($3,200)	3,200
Wages and salaries ($2,000 + $0.30q)	4,250
Shipping ($0.60q)	4,500
Utilities ($1,230)	1,230
Other ($470 + $0.01q)	545
Total expense	16,725
Net operating income	$ 14,025

The actual results for August were as follows:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds	7,500
Revenue	$ 27,400
Expenses:
Packing supplies	3,170
Oyster bed maintenance	3,060
Wages and salaries	4,660
Shipping	4,230
Utilities	1,040
Other	1,165
Total expense	17,325
Net operating income	$ 10,075

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.)